Auction firm Bonhams has been acquired by Pemberton Asset Management in a deal that sees a new senior leadership team installed as part of the deal.
The change of ownership follows Bonhams being owned by Epiris for seven years.
Hans-Kristian Hoejsgaard, Chairman of the Board, said: ‘We welcome a new senior leadership team with a proven track record of success in serving high value customers in marketplaces and steering through periods of change; Seth Johnson joins as CEO, Liese Thomas as CFO, and Jennifer Babington as COO.
‘Bonhams has achieved significant growth and sustained profitability over recent years, and we thank our former owners Epiris for their role during this time. Despite a challenging market, Bonhams’ resilient performance relative to the wider sector has been supported by investments in technology, the expansion of our global footprint and being strategically positioned in the premium auction space and a leader in the mid-market. This is all underpinned by our broad 60+ department offer which meets the needs of a diverse client profile.
‘The partnership with Pemberton and new leadership team strengthens our market position and supports our long-term growth ambitions.’
