BG Capital Group buys 50% stake in Solutions With Impact

BG Capital Group has acquired a 50% interest in Solutions With Impact Inc, an event management, promotional marketing and public relations agency based in Toronto. The financial terms of the deal were not published. BG Capital Group said the deal reflects its increased emphasis on philanthropic efforts in tandem with its foray into the luxury hospitality market. Founded by Bobby Genovese, the private equity firm is based in Barbados with offices in the Bahamas, the United States, Toronto and Vancouver. Since its establishment in 1999, Solutions With Impact has helped raise more than $35 million for non-profit foundations.

PRESS RELEASE

Bobby Genovese’s BG Capital Group Acquires 50 Percent Interest in Solutions With Impact, Inc.

PLANTATION, Fla., May 14, 2014 /PRNewswire/ — BG Capital Group has acquired 50-percent interest of one of Canada’s largest and most successful event management, promotional marketing, and public relations agencies, announced Board Chairman Bobby Genovese.

Bobby Genovese’s BG Capital Group Acquires 50 Percent Interest in Solutions With Impact, Inc.

The stake in Solutions with Impact, Inc. (SWI) signals BG Capital Group’s increased emphasis on key philanthropic efforts in tandem with its foray into the luxury hospitality market with the 2012 development of BG Signature Properties, a portfolio of 12 exclusive luxury retreats in the US, Canada, Europe, South America and Bahamas.

“We are thrilled to be part of this fast-growing company, which is the perfect complement to our hospitality and philanthropic interests,” said Genovese, who, for the last two years, has chaired SWI’s highly successful Boat Rally for Kids with Cancer. “Our efforts with the SickKids Foundation are helping the spectrum of what’s needed — from research and treatment to practical advancements like ‘chemotherapy backpacks’ that free young patients from confining hospital stays.”

“We couldn’t ask for a better partner than BG Capital Group,” said SWI President and CEO Joel Hock. “Merging our vast experience in the event management and promotional marketing industries with BG Capital’s unique understanding of the business community, will allow us to significantly expand our portfolio offering to both the non-profit and for-profit sectors.”

Since SWI’s inception in 1999, they have help raised more than $35-million for non-profit foundations such as the Hospital for Sick Children, Baycrest Foundation, Canadian Breast Cancer Foundation, Variety – The Children’s Charity BC, Winnipeg’s Health Sciences Center Foundation, Toronto East General Hospital Foundation, The Kidney Foundation of Canada, etc.

About BG Capital Group
With more than 25 years of experience in mergers and acquisition, Bobby Genovese’s portfolio of companies now hold assets of over $200 million and generate revenues in excess of $150 million. BG Capital Group Limited and BG Capital Management Corporation are both based in Barbados with associate management offices in the Bahamas, Fort Lauderdale and Boca Raton, Florida, Los Angeles, Toronto and Vancouver. In 2012 Genovese developed and launched BG Signature Properties, a portfolio of 12 exclusive luxury retreats in the US, Canada, Europe, South America and Bahamas, including its flagship property, BG Equestrian Resort in Ocala, Florida, a 100-acre, year-round luxury equestrian retreat featuring world-class stables and lodging for traveling horse enthusiasts.

About Solutions with Impact, Inc.
SWI is a fully integrated Event Management, Promotional Marketing and Public Relations agency that strives to provide each of our clients with strategic initiatives that achieve positive results and surpass goals. Its mission is to develop value proposition and return on investment strategies that exceeds every client’s requirements. Its management team has a proven track record that spans over 32 years working with clients who represent some of Canada’s leading corporations and foundations.

Media Contacts

BG Capital Group

Judy DiEdwardo, Communications Director

561.844.7212; jdmedia@gate.net

www.bgcapitalgroup.com

Solutions with Impact

Lorraine Quartaro, Director, Communications

416-703-5371 ext. 236 or 416-433-7232

lquartaro@solutionswithimpact.com

www.solutionswithimpact.com

Photo – http://photos.prnewswire.com/prnh/20140514/87425

SOURCE BG Capital Group

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