|AIG CAPITAL PARTNERS INVESTS $30 MILLION IN THE RESOURCE GROUP INTERNATIONAL, LTD.|
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NEW YORK--Oct. 4, 2005--AIG Capital Partners, Inc. announced today a $30 million investment in The Resource Group International, Ltd. (TRG) through the AIG Global Emerging Markets Fund II, L.P. and affiliates of AIG.
Founded in 2002, TRG is a global leader in the Business Process Outsourcing (BPO) sector, with over $170 million in revenues and more than 4,000 employees in the United States, Canada, Europe, and Asia.
"TRG is thrilled to have the backing of a blue-chip investor with extensive global presence, and we look forward to a mutually prosperous relationship," said Zia Chishti, the Chief Executive Officer of TRG. "AIG's investment will further accelerate TRG's growth and help us achieve our vision of becoming the premier BPO service provider for our clients worldwide."
"We are excited to continue the active investment program of AIG Global Emerging Markets Fund II with the acquisition of an equity stake in a first-rate company that, following our investment, is poised for future success," commented David Yeung, President and CEO of AIG Capital Partners.
Paolo Zapparoli, a Managing Director with AIG Capital Partners who will join the Board of Directors of TRG, stated, "We are delighted to invest in a company with a winning management team whose track record speaks for itself and we look forward to working closely with TRG to support its continued growth."
Proceeds from this round of financing should allow TRG to continue to grow by acquiring companies that complement its existing business. A portion of the funding will also be used to support TRG's organic growth.
AIG Capital Partners, Inc., a member company of AIG Global Investment Group and a wholly owned subsidiary of American International Group, Inc. (AIG), is a leading private equity investor in emerging markets. With 67 investment professionals in 16 offices worldwide, AIG Capital Partners and its affiliates manage assets in excess of $3 billion.
AIG Global Investment Group (AIGGIG) comprises a group of international companies which provide investment advice and market asset management products and services to clients around the world. The member companies of AIGGIG are subsidiaries of American International Group, Inc. (AIG).
American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.