Ropes & Gray has advised UK private equity firm Epiris on Epiris Fund II’s acquisition of Bonhams, the global auction house, from private shareholders.
The deal, announced today, is the fourth investment of the Epiris Fund II. Bonhams is one of the world’s largest and most renowned auctioneers of fine art and antiques, motor cars and jewellery. The business holds more than 250 sales a year at its flagship salerooms, which include London, New York, Los Angeles and Hong Kong. In 2017, Bonhams sold more than 60,000 lots, generating over GBP450 million of hammer sales.
The Ropes & Gray team was led by private equity partner Phil Sanderson with finance partner Alex Robb leading on the finance aspects of the deal. Other members of the team included private equity associates Electra Callan, Victoria McGrath and Laura Kayani in London.