The Private Equity Firm Behind Bonhams Is Reportedly Exploring a Sale of the Auction House for $1 Billion
Five years after private equity firm acquired and reinvigorated Bonhams auction house, the company is exploring a sale.
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Five years after private equity firm acquired and reinvigorated Bonhams auction house, the company is exploring a sale.
Euromoney's board said the terms of the offer were 'fair and reasonable' and invited shareholders to back the takeover.
Euromoney has accepted a £1.7bn acquisition bid from two private equity firms - Paris-based Astorg and London-based Epiris.
Luxembourg-based private equity firm Astorg Asset Management Sarl and London-based Epiris LLP made a cash offer of £14.61 per Euromoney share.
By Edward Devlin2021-05-13T13:50:00+01:00 Gü owner Noble Foods has attracted strong interest in the auction thanks to the brand’s stellar growth, with UK retail sales up 20% to £60m last year Dessert brand Gü looks set to fall into the hands of new PE owners, with Exponent leading the race to buy the business, The Grocer has learned. A deal valuing Gü at upwards of £150m is understood to be in the final stages and is hoped to be finalised in the coming days. Exponent is currently favourite to land the business, but two other PE firms were also involved in the second round of the auct...