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KLAR Partners Appoints Explorance To Support its Workforce Growth & Development with Leading Technology

Montreal, Quebec – March 30, 2023 – KLAR Partners, an independent, mid-market private equity firm focused on the business services and industrial technology sectors, has appointed Explorance to provide a 360 degree performance evaluation system of its growing team.

The London and Stockholm based company, which was founded in 2020 and invests primarily in the Nordic, Benelux and DACH regions, sought an external L&D software partner that would support its strategy around talent development.

“We aspire to be the best private equity firm in Europe and, to achieve that, the process must start with our people, who we believe are our most important asset,” explained Daniel Alsén, Investment Professional and leader of Digital & Tech at KLAR. “To succeed you must attract and develop the best talent. We have recently improved our review process to support the growth of our people. To do that, we needed to find a digital performance-based tool that we could adapt to support our unique approach and non-hierarchical environment.”

Explorance, and its Explorance Blue 360 degree feedback process, was selected to work with KLAR. “We liked the product and the team, who also had a track record in private equity,” Daniel said. “In Explorance Blue, they offered a tool that was flexible enough to adapt to our organisational requirements and would not limit us or put in a hierarchical review process. The process is now fully implemented and we are happy with the platform we have for talent development. Over time, we will continue to develop and improve the tool together.”

John Atherton, General Manager – Europe and Africa, at Explorance, said: “We are delighted to be working with KLAR which places such a clear emphasis on its people. We look forward to helping them in their values-driven quest to build a high-performing team that is capable of excelling in every stage of the investment cycle, and through Explorance Blue 360 effectively assess and support the development needs of their staff.”

About KLAR Partners
Founded in 2020, KLAR Partners is a mid-market private equity firm based in Europe that specializes in investing in business services and industrial technology sectors of the Nordic, Benelux and DACH regions. The organization focuses on acquiring controlling stakes in businesses that offer critical products and services, working closely with management to establish robust and sustainable market leaders. KLAR Partners deploy their extensive experience in transformational investing to realise the full potential of their stakeholders through growth, operational improvement and buy & build strategies. For more information, visit klarpartners.com.

About Explorance
Founded in 2003, Explorance supports more than 20 million people in their individual journeys of purpose, growth, and impact. As the leading provider of People Insight Solutions, Explorance empowers organizations with actionable decision-making by measuring students’ and employees’ needs, expectations, skills, knowledge, and competencies. Explorance facilitates continuous improvement and accelerates the insight-to-action cycle leading to personal growth and organizational agility. Headquartered in Montreal with business units in Chicago, Chennai, Melbourne, Amman, and London. Explorance works with 25% of the Fortune 100 and 25% of the top Higher Education institutions, including 8 of the world’s top 10 business schools. The company has clients in more than 50 countries.


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