MAIN - ZRG Secures $120 Million in Debt Financing from Main Street Capital | Benzinga
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. This significant funding will bolster ZRG's growth initiatives and enhance its ability to deliver innovative talent solutions to clients worldwide.
This latest round of financing will play a crucial role in supporting ZRG's ongoing growth strategy. The company plans to leverage the capital to continue acquiring high-quality businesses that complement its existing capabilities and continue to hire top talent to drive further growth.
"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. "This additional financing from Main Street Capital, combined with our recent equity raise with a consortium of investors, positions us strongly to achieve our strategic objectives."
The $120 million debt financing follows closely on the heels of ZRG's recent equity raise managed by RFE Investment Partners, ZRG's primary financial sponsor, further solidifying the firm's 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 company's long-term growth plan," said Ron Ahuja, Principal of RFE Investment Partners.
"We are impressed with ZRG's data driven and tech-enabled approach to candidate ...