RCG Ventures (RCGV), a wholly owned subsidiary and venture arm of River Capital Group Holdings (River Capital), a leading family investment office, today announced that it has appointed Giovanni Cappellini as Managing Director of its portfolio company, Flex Employee Services (Flex). Founded in 2015, Flex Employee Services is the leading provider of national recruiting and enterprise staffing solutions.
Prior to joining Flex, Cappellini served as the Senior VP of Sales and IT recruiting for Solomon Page Technology Partners. During his 18-year tenure with Solomon Page, Cappellini recruited hybrid, dynamic technologists for hedge funds, global financial institutions, boutique investment practices, and global management consulting firms. Cappellini also helped Solomon Page optimize outdated processes, build new offerings that drove significant ROI, and created a consistent, sustainable, hyper-growth model.
In his new role, Cappellini is tasked with creating a next generation recruiting and staffing strategy, through which Flex provides talent and solutions to support the various Workforce and Human Capital Businesses and thousands of clients serviced through the RCG Ventures (RCGV) umbrella. “The strategy Giovanni will execute will be critical to the growth of Flex, RCGV and all of the family of companies that River Capital Supports” said Vince Puma, CEO of River Capital Group Holdings.
As an ever-growing lack of skilled workers, a global pandemic, and a universal shift to hybrid working has manifested into a worldwide crisis, Cappellini will optimize overall business processes at Flex, empowering the company to operate with velocity while supporting dynamic scale. In addition, he will oversee the rebranding of the company’s identity and website to reflect its core strengths and strategy.
“The global staffing shortage is an epidemic that will cripple economies if not addressed in the very near future,” said RCG Ventures Managing Partner, Jeff Kaplan. “The ability to tap into a population of thoroughly vetted professionals through Flex Employee Services is integral to RCGV’s active investment strategy, adding value that extends well beyond access to capital.”
“The lack of qualified candidates for vacant positions in accounting, corporate finance, and IT has led many companies to outsource hiring of key personnel, creating a significant opportunity for Flex Employee Services,” said Cappellini. “I’m excited to join this all-star team because we not only help organizations overcome today's staffing challenges, but, with the support and backing of RCG Ventures, can also prevent future workforce issues from manifesting.”
ABOUT FLEX EMPLOYEE SERVICES
Founded in 2015 by River Capital Group Holdings, Flex Employee services is a leading provider of national recruiting and workforce management solutions. Through both strategic acquisitions and organic growth, Flex boasts a best-in-class leadership team of staffing and personnel management professionals. Headquartered in Manhattan, NY with offices nationwide, Flex Employee Services actively seeks out opportunities for continued growth, recruiting top talent that supports each River Capital Group subsidiary and partner.
Visit www.flexemployeeservices.com for more information.
ABOUT RCG VENTURES
RCG Ventures (RCGV) is a wholly owned subsidiary of River Capital Group Holdings (River Capital), a leading family investment office. RCGV represents an active investment strategy that combines access to capital with management resources, infrastructure, an expansive global business network, and hands-on strategic guidance from an elite, tenured team of business, financial, marketing, operations, and capital markets leaders. Our target partners develop breakthrough innovations in blockchain, artificial intelligence (AI), big data, workforce services, Internet of Things (IoT), data analytics, and extended reality (XR).
For additional information, please visit www.RCGV.com.
ABOUT RIVER CAPITAL GROUP HOLDINGS
Founded in 2013, River Capital Group Holdings (RCGH) is a leading family investment office headquartered in Manhattan, NY. In addition to funding, River Capital Group also offers strategic counsel, management resources, and access to its expansive network of capital markets, finance, and institutional investment professionals, without requiring partner companies to cede operational control. River Capital Group makes opportunistic investments in growth companies with investments ranging from five hundred thousand to $50 million. Specifically, RCGH identifies forward-thinking companies for which its capital, financial expertise, and relationships would add both significant quantitative and qualitative value.
River Capital Group Holdings is industry agnostic with a track record of backing and supporting companies that deliver above average returns and exceed industry expectations. Invested capital is only that of River Capital Group Holdings’ principals.
For additional information, please visit www.rivercapitalgroupholdings.com.
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