2023-06-12 22:10:58
Emmanuel Perrotin, founder of the Perrotin gallery and Nadra Moussalem, president of Colony IM image copyrightJean Picon
INFO LE FIGARO – Former owner of PSG and ex-shareholder of Carrefour and Accor, Colony IM takes 60% of the company to land in the lucrative contemporary art market.
The rating of contemporary artists with the most media coverage is soaring? Private equity funds, those companies that bet on companies with strong potential to make them global giants, are interested in the contemporary art market. Colony IM – formerly Colony Capital Europe, 3 billion in assets under management – has just entered into exclusive negotiations with the Perrotin gallery, one of the most influential in the world in terms of contemporary art.
A first in the art world, and the announcement of which coincides with the start of Art Basel, one of the main contemporary art fairs, on Tuesday. The fund managed by Nadra Moussalem, which specializes in real estate, credit and private equity, should hold 60% of the company’s capital. Its founder, Emmanuel Perrotin, will keep the remaining 40%, as well as the reins of the company. A “historic rapprochement”, according to a joint press release from Colony IM and Perrotin, which aims to provide the gallery with “the necessary means and organization…
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