DLA Piper advises MCH Group on investment in ART SG (Singapore)
DLA Piper has advised MCH Group AG (MCH Group), an international experience marketing company with headquarters in Basel, on the acquisition of a 15% stake in Art Events Singapore Pte. Ltd., the organizer of ART SG, a new contemporary art fair in Southeast Asia. MCH Group is the parent company of Art Basel with shows in Basel, Miami Beach and Hong Kong. Taking place during Singapore Art Week, ART SG, whose lead partner is UBS, will be launched on 12-15 January 2023 at the Marina Bay Sands Expo and Convention Centre. It will present around 100 leading international galleries, as well as installations, films, talks and performances.
MCH Group engages with ART SG as part of the company’s wider strategy to foster the thriving cultural ecosystems across the region. Through supporting regional initiatives, it is the company’s aim to contribute to the long-term strength of Asia’s growing art scenes and make a positive impact in the region, which is seen as complementary to the core business of running Art Basel in Hong Kong.
The DLA Piper Corporate/M&A team was led by partner Katherine Chew (Singapore) and counsel Dr Christoph Dachner (Munich). The team further included partner Gerald Schumann (Munich) and Associates Karen Lee and Ying Chern Tan (both Singapore).