M&A Deal Summary

Groupe Artémis Acquires Christie s

On May 18, 1998, family office Groupe Artémis acquired consumer services company Christie s for 1.2B USD

Acquisition Highlights
  • This is Groupe Artémis’ 1st transaction in the Consumer Services sector.
  • This is Groupe Artémis’ largest (disclosed) transaction.
  • This is Groupe Artémis’ 1st transaction in the United States.
  • This is Groupe Artémis’ 1st transaction in New York.

M&A Deal Summary

Date 1998-05-18
Target Christie s
Sector Consumer Services
Buyer(s) Groupe Artémis
Deal Type Going Private
Deal Value 1.2B USD

Target

Christie s

New York, New York, United States
Christie's is a global art and luxury auction house. Christie's offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate, and education. Christie's was founded in 1766 and is based in New York, New York.

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Buyer(S) 1

DESCRIPTION

Artémis Group is a holding company formed by French entrepreneur François Pinault. Artémis looks to acquire and manage and diverse range of entities In Western Europe and North America. The Group was formed in 1992 and is headquartered in Paris.


DEAL STATS #
Overall 3 of 11
Sector: Consumer Services M&A 1 of 1
Type: Going Private M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 1998 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Chateau Latour

Pauillac, France

Chateau Latour produces three wines: Grand Vin de Château Latour, made exclusively from old vines on parcels in l'Enclos at the historic heart of the vineyard, Les Forts de Latour, produced since 1966 from selected parcels outside l'Enclos in classified growth areas of Pauillac, and Pauillac de Latour, made from the young vines grown in parcels around the periphery of the vineyard. Chateau Latour was founded in 1331 and is based in Pauillac, France.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Tallandier

Paris, France

Tallandier is a publishing house specializing in historical and geopolitical titles. Tallandier continues to publish every style within its traditional categories, from biographies and historical essays to personal accounts and atlases. Its titles appeal equally to specialist and general readers. Tallandier also offers collections of essays, documents and personal accounts with their basis in current events. Tallandier is based in Paris, France.

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