ZRG Secures $120 Million in Debt Financing from Main Street Capital
Summary
ROCHELLE PARK, N.J., June 19, 2024 (GLOBE NEWSWIRE) -- ZRG, a global talent advisory firm, today announced that it has successfully secured $120 million in debt financing from Main Street Capital Corporation and its affiliates. "It is a great time to acquire niche talent advisory and management businesses and build out our capabilities across Executive Search, Interim, RPO, and Consulting, Larry Hartmann, CEO of ZRG, said. "The $120 million debt financing follows closely on the heels of ZRGs recent equity raise managed by RFE Investment Partners, ZRGs primary financial sponsor, further solidifying the firms financial foundation and capacity for expansion.We are excited to partner with Main Street Capital, as this strategic debt refinancing will provide ZRG with greater financial flexibility and a strong balance sheet, while serving as the catalyst to execute on the companys long-term growth plan, said Ron Ahuja, Principal of RFE Investment Partners.We are impressed with ZRGs data driven and tech-enabled approach to candidate placement and are excited to support the business and RFE as they execute on their M&A strategy, said John Watson, Director at Main Street Capital.ZRG remains committed to delivering top-tier talent solutions and maintaining its position as a leader in the talent advisory industry. Brad Stewart, Managing Director in Capstones Debt Advisory Group, commented, ZRG and RFE are both highly relationship-oriented in their approach and prioritized finding the right relationship fit with its new lender; we were very pleased to have earned their trust to advise them on this important financing and next chapter in their growth story.About ZRGZRG is a global search and talent advisory firm with 30+ offices on five continents that provides people solutions for our clients most complex talent issues. With a long-term investment strategy and a focus on supporting the growth and success of its portfolio companies, Main Street Capital partners with businesses across a wide range of industries to help them achieve their strategic goals.