Client: Tosca Debt Capital
Services provided: Acquisition due diligence
Manchester-based Tosca Debt Capital provided a £20m boost to recruiter, The MCG Group, to support its acquisition strategy.
The MCG Group, which employs nearly 300 staff, provides recruitment, consultancy and project-based services within construction, education, healthcare and technology sectors in the UK and internationally. It is headquartered in London.
TDC has so far operated as a private debt fund with a focus on supporting the growth plans of the UK lower mid-market. This was their first integrated finance transaction.
Jenny Kirkham who led the deal for Cortus Advisory Group said, “We are proud to have supported Tosca in its first integrated finance deal with MCG Group Limited. The teams at Tosca and MCG were a pleasure to work with, and this is a great time to further support MCG and its ongoing acquisition plans, having grown historically both organically and through multiple acquisitions.”