225-year old auction house, Bonhams, is bought by private equity firm Epiris LLP
A notable rival to Sotheby’s and Christie’s, the UK-based auction house, Bonhams was founded in 1793 by print dealer Thomas Dodd. Having passed through numerous hands and professional adaptations, Bonhams is once again scooped up by London-based private equity firm, Epiris.
Operating two main funds which targets companies valued between £75 – 500 million, Owen Wilson, Partner at Epriris mentioned “Bonhams is a global business operating in a market with long-term structural growth and high barriers to entry. It is a platform with extensive scope for transformation through investment.”
Other recent acquisitions include Time Inc, a mother brand that includes Wallpaper*, Horse & Hound and Ideal Home.
But devling into a new industry and commodity department, Bonhams auction specialises in collectibles and artefacts including fine art, jewellery, manuscripts, cars and wines.
Robert Brooks, former stakeholder and Bonhams Chairman, opened up to share “We have always had the intention one day to pass on the business to a new owner who shares our long-term vision for Bonhams.”