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VR Business Capital becomes Rembrandt Art Centre partner and acquires 51% of the arts, crafts and gifts company

VR Business Capital enters Rembrandt's shareholding through the acquisition of a package representing 51% of the store network specialized in products from the arts & crafts and gifts categories. This investment highlights the VR’s strategy to further expand the Private Equity portfolio in the most dynamic and interesting market fields.

The partnership with VR Capital will enable Rembrandt to accelerate its development of expanding to new locations, product categories and partnerships, as well as pursuing expansion new opportunities, in addition to the existing one with Dedeman.

Founded in 2019 and headquartered in Bucharest, Rembrandt has successfully increased its annually turnover, having high potential growth in its specialty area, with 3 stores in Bucharest, situated in Promenada Mall, Veranda Mall and Mega Mall.

Rembrandt was born from the desire to bring creativity in the fore, as a central element of harmonious evolution, starting from an early age. In addition to the varied offer of arts, craft & hobby or gifts that can be found in the stores, Rembrandt has differentiated itself by the effort it has made in creating a real community of artists, enthusiasts or beginners who are at the first steps in the creative universe. The hundreds of events and workshops organized showed the people's interest in this field.

„We are delighted to begin an exciting partnership with VR Capital. It is very important for us to partner with a company that has a strong entrepreneurial mindset, as well as a shared passion for our mission. We have found in VR Capital an ideal partner to achieve our goals and we believe that together we are taking Rembrandt's successful story to the next level, growing not only faster, but also healthier.” stated Oana Comanescu, founder of Rembrandt Art Centre.

“Rembrandt is part of a highly attractive business area to us, which has more potential yet to be explored on the Romanian market. The strategy of VR Capital is to create and develop a profitable growth in all our Private Equity projects. This includes offering market leading, innovative and attractive solutions to our partners. The investment in Rembrandt Art Centre fulfils our  strategic ambition and we are looking forward to create and reach the optimal results for the benefits of our customers, employees and shareholders. We are convinced that together with Oana, her team and our professional team, will have business results above those expected by our investors, but more than that, we will contribute to the development of future generations in Romania.” stated Victor Angelescu, co-founder and managing partner of VR Business Capital.

31.10.2023

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