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UK private equity firm Epiris to buy global auction house Bonhams

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UK private equity firm Epiris to buy global auction house Bonhams

U.K. private equity firm Epiris LLP, through a managed fund, agreed to purchase global auction house Bonhams from private shareholders for an undisclosed sum.

The deal, expected to close in mid-September, marks the fourth investment for Epiris Fund II LP.

Bruno Vinciguerra is set to join the company as executive chairman.

Lazard and Ropes & Gray advised Epiris on the deal, while Rothschild and Macfarlanes advised the sellers.