July 17, 2024

ZRG Secures $120 Million in Debt Financing from Main Street Capital

Rochelle Park, NJ – ZRG, a global talent advisory firm, today announced that it has successfully secured $120 million in debt financing from Main Street Capital. This significant funding will bolster ZRG’s growth initiatives and enhance its ability to deliver innovative talent solutions to clients worldwide.

The 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.

Larry Hartmann, CEO of ZRG, stated, “It is a great time to acquire niche talent management businesses and build out our capabilities across Executive Search, interim, RPO, and consulting. 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 Partners, ZRG’s primary sponsor, further solidifying the firm’s financial foundation and capacity for expansion.

ZRG remains committed to delivering top-tier talent solutions and maintaining its position as a leader in the talent advisory industry. With this new infusion of capital, the company is well-equipped to pursue its ambitious growth plans and continue providing exceptional value to its clients.  ZRG was advised on the debt financing by Capstone Partners.

 

About ZRG

ZRG is a global talent advisory firm that offers a range of services including executive search, interim management, recruitment process outsourcing (RPO), and consulting. With a data-driven approach and a commitment to innovation, ZRG helps organizations worldwide find and develop the talent they need to succeed.

About Main Street Capital

Main Street Capital is a leading investment firm that provides financing solutions to middle-market companies. With a focus on supporting the growth and success of its portfolio companies, Main Street Capital partners with businesses across a range of industries to help them achieve their strategic goals.

About Captstone Partners

For over 20 years, Capstone Partners has been a trusted advisor to leading middle market companies, offering a fully integrated range of investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of a company’s lifecycle. Capstone’s services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions, and financial advisory services. Headquartered in Boston, the firm has 175+ professionals across the U.S. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams. Capstone is a subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN).

About RFE Investment Partners

RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies.   RFE is currently investing out of Fund IX.