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New Deal


Announced

Completed

Bonhams completed the acquisition of Bruun Rasmussen Kunstauktioner.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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auction house

Completed

Acquisition

Denmark

Majority

Cross Border

Friendly

Specialty Retailers

Single Bidder

Private

Synopsis

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Bonhams, a privately owned international auction house, completed the acquisition of Bruun Rasmussen Kunstauktioner, one of the largest auction houses in Europe and Denmark's leading high-end auction house. Financial terms were not disclosed. "I have just brought down the hammer on the largest and most important sale in the history of Bruun Ramussen. Having led and been part of the company’s eventful journey have been a privilege and I now look forward to being part of the future journey – together with Alexa and Frederik. I am proud that our company has come to a point where the world renowned and acknowledged auction house, Bonhams, finds Bruun Rasmussen appealing. It is also with great pleasure to disclose that we will keep the name Bruun Rasmussen Kunstauktioner with the addition '- Part of the Bonhams Network'," Jesper Bruun Rasmussen, Bruun Rasmussen Kunstauktioner Owner and Chairman of the board.

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