The backer of the likes of Silentnight has provided a £20m boost to a £100m-turnover recruitment group.
Manchester-headquartered Tosca Debt Capital has agreed a deal for the funding package with The MCG Group, which is based in Watford.
The group has nearly 300 employees and offers recruitment, consultancy and project-based services within construction, education, healthcare and technology sectors in the 海角视频 and internationally.
READ MORE: Grafenia brands last six months as a 'real-life Squid Game' as half-year results revealed
The transaction which follows three acquisitions made by The MCG Group in the last 12 months while TDC partner Mat Deering will take a seat on MCG’s Group board.
He said: "We are delighted to welcome MCG to our growing investment portfolio of some of the 海角视频’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, 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.
Don't miss a thing - sign up for your free North West newsletter - and follow us on LinkedIn
Email newsletters
BusinessLive is your home for business news from around the North West- and you can stay in touch with all the latest news from Greater Manchester, Liverpool City Region, Cheshire, Lancashire and Cumbria through our email alerts.
You can sign up to receive daily morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. And we'll send out breaking news alerts for any stories we think you can't miss.
Visit our email preference centre to sign up to all the latest news from BusinessLive.
For all the latest stories, views, polls and more - and the news as it breaks - .
Most Read
"The deal demonstrates the capabilities of our new IF offering to unlock opportunity for ambitious companies with highly flexible, integrated debt and equity financing."
Colm McGinley, CEO of The MCG Group, added: "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 five-year plan."
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.