Resource Partners invests in Artgeist
Artgeist, a new investment within the Resource Partners portfolio, is an experienced e-commerce player. Over the past years, the company from Wrocław has been successfully competing on the European online wall decoration market, the value of which is estimated at over one billion euros and which grows at rate of over 15% annually.
Artgeist offers tens of thousands of original patterns of paintings, wall murals, wallpapers, stickers, paintings on glass and pinboards, as well as room dividers. Focusing exclusively on the online channel, the company offers its products through online platforms and its own e-stores, run in 11 language versions. Artgeist products are sent from Wrocław to customers all over the world.
"Consistent implementation of our strategy along with exclusive focus on the e-commerce market resulted in our strong position today. Fund’s financial and strategic support offers us a chance to accelerate growth and further strengthen the Company’s market position among global players."- says Michał Żyliński, CEO of Artgeist.
With the acquisition of a majority stake in Artgeist Resource Partners continues its investment strategy built around turbo charging the growth of small and medium-sized companies from the consumer goods and services industry.
"We are happy to become an investor in one of the key players in e-commerce channel on the interior decoration market in Europe. We believe that with our expertise and support, Artgeist will strengthen its position as a leader in online sales and it will continue its geographical and product expansion. In our opinion, focusing exclusively on online sales combined with an effective and flexible made-to-order production model will allow Artgeist to continue to strenghten its position on a market which grows at above 15% annually"- says Aleksander Kacprzyk, Managing Partner at Resource Partners.
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