Our Story & Our Values
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TZG Europe is more than just a talent hub—we are a growing force of dedicated professionals driving meaningful impact across borders.
As the European arm of The Zaf Group (TZG), our foundation is built on strong leadership, a clear vision, and a deep commitment to excellence. Our story is defined by our ICARE² values, guiding us to operate with integrity, collaboration, and an unwavering focus on people and results.
Our Founder & Parent Company
TZG Europe was founded as part of The Zaf Group’s vision to build a global network of high-performing talent that drives success for its portfolio companies. At the heart of this journey is Mike Zafirovski, a dynamic leader with a track record of transformational leadership and value creation spanning over five decades. Mike is the Founder, Chairman and President of The Zaf Group, a family firm dedicated to acquiring well-run family businesses and holding them for the long term. He currently chairs The Zaf Group’s portfolio companies, ACP CreativIT (since 2017) and ABCO Systems (since 2020).
Before establishing TZG, Mike was an Executive Advisor to The Blackstone Group (2011–2021), held board positions at major corporations including Boeing, Stericycle, and Apria Healthcare, and served as President and CEO of five General Electric businesses, Motorola, and Nortel.
Throughout his career, Mike has consistently driven high expectations for results:
• Achieved a top-line CAGR of 8%, with revenue growth in 18 of 21 years as CEO.
• Increased operating margins annually by an average of 350bps.
• Strengthened operating cash flow and ROE across almost all years of his tenure.
As an Executive Advisor at Blackstone, Mike played a pivotal role in investment decisions, board leadership, and strategic acquisitions, contributing to a 2.5x+ Multiple On Invested Capital overall during his tenure there.
Beyond business, Mike is deeply committed to leadership development and education philanthropy. He is one of the co-founders of Macedonia 2025, is a member of the Board of Directors of the Special Olympics and serves as Chairman of AUSL (supporting underperforming public schools in Chicago), while also being a visiting lecturer at Northwestern Kellogg.
A lifelong competitor, Mike has completed multiple Ironman triathlons, including one in 2024, and continues to channel his passion for excellence into business, leadership, and personal growth.
Our Values – Cultural Pillars
As a talent hub, our company culture is shaped by four core pillars:
1. High Values – ICARE²
Our values reflect that we care. ICARE² stands for:
• Integrity | Operating with transparency, honesty, and ethical decision-making.
• Collaboration | Working together to maximize impact and innovation.
• Accountability | Taking ownership and delivering on our commitments.
• Responsibility | Acting as stewards of success for our people and companies.
• Excellence | Consistently striving to exceed expectations.
• Effectiveness | Driving meaningful, measurable impact in everything we do.
2. High Expectations for Results
We bring forceful optimism to every challenge, striving to be the best partner, employer, and value creator. We hold ourselves accountable for delivering outstanding performance and measurable impact across all our businesses.
3. Commitment to People & Leadership Development
We invest in people at every level of the organization, creating a collaborative, non-hierarchical, and partnership-driven culture. Leadership development is a cornerstone of our strategy, ensuring that each team member has opportunities for growth and success.
4. Meritocracy
At TZG Europe, potential, values, and results drive career progression. We recognize and promote individuals based on their performance, leadership potential, and contributions to our shared success.
Our Growth Story
Since its inception, TZG Europe has evolved from a small, ambitious team into a thriving strategic talent hub. Our professionals drive critical business functions across finance, IT, marketing, operations, and more — delivering value to our partners and portfolio companies.
Located in Skopje, N. Macedonia, our modern, dynamic workspace fosters collaboration, innovation, and continuous learning. However, this is just the beginning of our story. Our growth journey is one of continuous improvement and leadership development — all driven by our talented people and shared purpose. We look forward to shaping the future, together.