MCG Group Secures Funding to Accelerate 5 Year Plan
- MCG HQ
- 1 min read
The MCG Group has secured a £20 million funding package from Tosca Debt Capital LLP (TDC) to support its ambitious growth plans.
The MCG Group was recently named as one of ‘The UK's 100 Best Mid-Sized Companies to Work For’ as well as one of ‘Recruitment’s 40 Best Companies to Work For’ by the Best Companies List, with nearly 300 employees across the Group. It offers recruitment, consultancy and project-based solutions within construction, education, healthcare and technology sectors in the UK and internationally.
The transaction, which follows three acquisitions made by The MCG Group in the last 12 months as part of its 5-year growth strategy, will see Mat Deering, Partner at TDC, taking a seat on MCG’s Group board.
The deal will provide MCG with funding for a range of uses including refinancing, shareholder reorganisation, and funding current and future acquisitions.
Colm McGinley, CEO of The MCG Group, said of the acquisition: “Our business is on a steep growth trajectory, and we’ve set our sights high. Securing this funding provides our Group with a fantastic opportunity and platform on which we can build on. It will see us boldly move towards reaching the goals set out within our next 5-year plan”
Mat Deering, Partner at TDC, said: “We are delighted to welcome MCG to our growing investment portfolio of some of the UK’s most ambitious mid-market businesses. We have been impressed with the outstanding progress MCG has made to date in building a business of real scale and breadth, and we’re excited to be able to back CEO Colm McGinley and the team’s ambitions to drive growth in the years ahead, both organically and through further acquisitions.”
Spectrum Corporate Finance, Trethowens Solicitors and DSA Tax Advisory advised The MCG Group on the fund raising. TDC was advised by DLA and Grant Thornton Tax Advisory, with financial due diligence on the transaction undertaken by Saffrey Champness and Cortus Advisory.