We increased our commitment to World Class Romania
We completed the buyout of the minority shareholders of World Class Romania, our portfolio company. This transaction strengthened our partnership with the management team of World Class Romania and will help achievetheir goal ofbuilding the undisputed leader of the Romanian fitness market.
World Class, which opened the first club in Bucharest in 2000, is the leading fitness chain in Romania. Since then, the Company organically expanded its network to 11 clubs in three Romanian cities. The company regularly cooperates with well-known international fitness trainers and program creators to provide its members with the latest, most effective fitness programs. World Class Romania plans to continue the expansion of its network to offer its members a greater choice of fitness locations and the best training experience.
Dan Fărcăşanu, Investment Director of Resource Partners, said: “We decided to increase our stake in World Class Romania because we are impressed by its growth prospects and the quality of the management team. We look forward to supporting the company as it grows organically and through M&A transactionson the fast-growing Romanian fitness market.”
Resource Partners acquires majority stakes in iaBilet and BestMusic
Resource Partners announces the acquisition of an 82.5% stake in iaBilet, Romania’s leading online ticketing platform, and a 55% stake in BestMusic Concerts, a pioneering promoter of live entertainment events.
Resource Partners and Artgeist - strategic partnership
Resource Partners has entered into an investment agreement under which Artgeist Sp. z o.o., one of Europe’s leading producers and distributors of wall décor and interior design solutions, has secured a majority investor to support its product diversification strategy.
