Epiris Fund II has facilitated Bonhams' acquisition of Bruun Rasmussen, enhancing its position in the Nordic auction market.

Information on the Target

Epiris officially announces that Bonhams, a globally renowned auction house and a portfolio company of Epiris Fund II, has successfully acquired Bruun Rasmussen, a leading auctioneer in Scandinavia. This acquisition marks Bonhams' fourth add-on purchase and the twelfth completed by a portfolio company under Fund II management. The specific financial terms of the transaction have not been disclosed.

Founded in London in 1793, Bonhams is recognized as one of the foremost auctioneers of fine art, antiquities, motor vehicles, and jewelry worldwide. The company operates internationally with flagship locations in London, New York, Los Angeles, Paris, and Hong Kong, conducting over 400 specialized auctions across 53 different categories in the current year. Epiris first invested in Bonhams in 2018 and has since supported several strategic acquisitions, including The Market, an online classic car auction platform in 2021, and Bukowskis, a premier Nordic auction house, alongside Skinner, a notable US-based auctioneer.

Industry Overview in Scandinavia

The auction market in Scandinavia has seen significant growth, driven by a rising interest in art and collectibles. Bruun Rasmussen is a pivotal player in this sector, known for its diverse offerings that span furniture, pai