S&C Advises ADQ in Acquiring Minority Investment in Sotheby’s

ADQ, an Abu Dhabi-based investment and holding company, agreed to acquire a strategic minority interest in Sotheby's, the global leader in fine art and secondary market luxury. Under the agreement, ADQ will acquire Sotheby's newly issued shares.

Bidfair will invest additional capital alongside ADQ and remain Sotheby's majority owner, representing a total investment of $1 billion.

The S&C team advising ADQ on corporate matters includes Alison Ressler, Rita-Anne O'Neill, Mitchell Friedman, Emily St. Marie and Michael Nishida. Ben Perry and Ben Toscano are advising on U.K. law matters. Davis Wang, Andrew Thomson and Devin Risinger are advising on tax matters. Ari Blaut is advising on finance matters. Matt Brennan is advising on environmental matters. Marion Leydier and Roderick Gilman are advising on insurance matters. Tiffany Wooley is advising on executive compensation matters. Rachel Yu, Elianne Neuman Schiff and Jane Ninivaggi are advising on intellectual property matters.