Wednesday, 11 February 2015

The auction of auctioneer - part 2

It sounds like the auction of Bonhams isn't going as smoothly as the ones carried out by the 200-year old auctioneer.

The owners of Bonhams hired Greenhill last year to look at "strategic options".

Since then, various parties - such as China's Poly Culture - have got into serious discussions about a deal only for it fall over at the final stages.

The latest bidder to come close to buying Bonahams is/was CVC Capital Partners, one of Europe's largest private equity houses.

Last summer, I reported that CVC dropped out of the auction process - see the link - but good sources tell me the firm recently rekindled discussions with Bonham's proprietors.

However, I understand those talks hit another stumbling block and the deal is off - again.

Neither CVC Capital Partners or Bonhams bothered to return calls for comment.

1 comment:

  1. Playground Tiles are utilized widely around the world; these tiles aren't only fashionable but provide safety for the floor. These tiles are simple to clean as well as sweep, many of the cleaner costs are preserved by these types of tiles. PLAYGROUND TILES