KBS Corporate has advised upon the successful acquisition of ArtGallery (UK) Limited, an online art gallery operator based in the Cotswolds.
Established in 2005, ArtGallery operates a showcase website where artists can list and display their work for customers to buy. The company maintains a niche position in the art market, proudly offering original art from both well-established and upcoming names in the industry, posted directly from the studios they were created in. ArtGallery prides itself on supporting and providing art from British artists, hand painted or created in the UK. Having built up a global reach, with customers in locations from Tanzania to Dubai, the shareholders of ArtGallery approached KBS Corporate with hopes of selling their shares in order to pursue other interests.
After an intense research process, which saw over 100 companies contacted, including art retail, creative design and marketing companies, alongside private equity firms, among others, circa 25 parties registered an interest, and signed NDAs to learn more about the opportunity to acquire ArtGallery.
The eventual acquirer was Teaching Art Limited, an investment of PHD Equity Partners. Operating within the art sector, Teaching Art produces art instruction DVDs from leading teaching artists.
PHD is a familiar name with KBS Corporate, having successfully completed the £6m acquisition of one of our other clients, Olympic Fixing Products Limited, earlier this year. The acquisition of ArtGallery (through its investment business, Teaching Art), falls perfectly in line with PHD’s investment strategy, which sees the firm make acquisitions, and provide focus, resource and finance in order to eventually maximise return.
Sonia Cottrell, Deal Executive at KBS Corporate, advised on the deal and commented “I’m really pleased about the outcome of this deal. PHD Equity Partners is a highly regarded private equity firm with an outstanding track record, and I think that ArtGallery, as a successful, niche business, will fit perfectly into PHD’s wider portfolio underneath its Teaching Art brand. I wish our clients at ArtGallery all the best for the future.”