VRM Penzini Capital to acquire Island Finance from J.C. Flowers.

VRM Penzini Capital, a private investment firm, agreed to acquire Island Finance, a non-bank consumer financial institution, from J.C. Flowers, a private investment firm. Financial terms were not disclosed. "We are truly excited to welcome Island Finance into our portfolio. Island Finance is an iconic Puerto Rican institution that has supported families across the island for generations, and we are committed to building on that legacy. We look forward to partnering with Jeanette Villamil and her world-class management team to continue serving the everyday financial needs of Puerto Rican families while enhancing innovation, access, and customer experience. This acquisition reflects our long-term commitment to Puerto Rico and expands our growing investments dedicated to strengthening the island's economic future," Carlos Penzini, VRM Penzini Capital Managing Partner.