The risk management and technology advisory industry is competitive, and to get ahead, leading firms are looking to strategic minority investments. Financial Risk Group (FRG), a risk intelligence firm, received a $14 million minority recapitalization from Main Street Capital Corporation (Main Street) under the advisement of GHJ.

Founded in 2006 and headquartered in Cary, North Carolina, FRG provides specialized, technology-enabled advisory and software solutions to help global financial institutions manage risk, maintain regulatory compliance and improve governance frameworks. FRG’s client base includes a range of blue-chip domestic and international financial services companies, insurance carriers and commercial institutions.

The investment from Main Street, a principal investment firm, includes a combination of senior secured term debt and a direct equity investment. The transaction supports FRG’s long-term growth strategy and reinforces its commitment to delivering tailored, data-driven risk analytics, implementation services and cloud-based solutions.

GHJ’s Transaction Advisory Services Practice advised FRG throughout the transaction, providing financial due diligence and strategic sell-side support in collaboration with FRG’s leadership and Coldstream Capital Partners, which served as the investment bank on the deal.

“FRG’s proven expertise in risk analytics and regulatory strategy has made it a trusted advisor to global institutions,” said Maria Shoemaker, a member of GHJ’s Transaction Advisory Services Practice who worked on the engagement. “We were proud to support their leadership through this next phase of growth and help them build a strong foundation for continued innovation.”

GHJ provides comprehensive support for buy- and sell-side transactions with enterprise values ranging from $10 million to $3 billion, including due diligence, valuation, deal structuring and integration guidance.