September 24, 2020

Mayer Brown advises Sotheby's on sale of minority stake to Alexander Klabin

Mayer Brown advised Sotheby's on a sale of a minority stake in the company to Alexander Klabin, the former managing partner, co-founder and co-chief investment officer of Senator Investment Group LP.

Under the terms of the transaction, Klabin will make a financial investment in Sotheby's and will serve as the executive chairman of Sotheby's Financial Services (SFS) - the world's only full-service art financing company. In his role at SFS, Klabin plans to focus on modernizing its underwriting processes, improving its access to capital markets and developing innovative financing solutions.

The Mayer Brown team was led by Tax Transactions & Consulting partner Jason Bazar and Corporate & Securities partner Thomas Vitale (both NY) and included: Tax Transactions & Consulting – partners Lucas Giardelli (NY), James Hill and Matthew Mortimer and counsel Kitty Swanson (all London) and associate Amit Neuman (NY); Corporate & Securities – partners Colin Carley (NY) and Neil Evans (London) and associates Miller Lulow, Jeremy Zucker (Both NY) and Annemarie Kong (Chicago) and trainee solicitor Kahroba Haraj Kojouri (London); Litigation & Dispute Resolution – partner Oral Pottinger (DC) and associate Isabella Giorgi (São Paulo); and Private Clients, Trusts & Estates – associate Jennifer Goldfaden (Chicago).

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