Osian Auctioneers raises $20million to help fund expansion
Published March 18th, 2008
Art auctioneer Osian’s has sold a 9.4 percent stake for $20 million to investment firm Abraaj Capital to help fund its future expansion program.
“Abraaj’s partnership will further facilitate the expansion of Osian’s while providing Abraaj an ideal growth opportunity in the fast-growing art and culture sphere,” Neville Tulli, founder and chief executive of Osian’s said in a statement.
Dubai-based Abraaj Capital, which manages some $5 billion in assets, specialises in private equity investment in the Middle East, North Africa and South Asia.
Related Articles Auctioneers wary of fake Bengal artToledo Police vehicle auction raises $78,230Auction raises £2,500 for Liams FundVenmore Partnership auctions top 20million poundsEBay to Collect Fees on Paypal Fund Deposits
