Berkadia arranged the financing for the project via its new JV Equity and Structured Capital Group.
Domenico De Sole, chairman of Sotheby’s Board of Directors, says that the board of directors approved the purchase deal after a comprehensive review. “After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success," he says.
The total number of businesses grew by 11.1% from 2011 to 2016, surpassing the statewide business gains of 8.6%.
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