frieze acquisition finalized mari ari emanuel 1234756029
Ariel Emanuel, through his newly formed company Mari, has finalized the acquisition of Frieze, which includes its publication, seven art fairs worldwide, and two exhibition spaces. The deal also encompasses tennis events like the Miami Open and Madrid Open, and a majority stake in Barrett-Jackson, a collector car auction house. The acquisition, first announced in May, was valued at around $200 million, with Goldman Sachs and LionTree Advisors serving as financial advisers. Mari, backed by $2 billion in equity from investors including Apollo, RedBird Capital Partners, and the Qatar Investment Authority, will be led by Emanuel alongside Mark Shapiro, with Simon Fox remaining as Frieze CEO.
