Spectrum Group International Agrees to Acquisition by A-Mark Precious Metals
Deal News | Feb 03, 2025 | Olshan Frome Wolosky LLP
Olshan Frome Wolosky LLP is representing Spectrum Group International, Inc. in its acquisition by A-Mark Precious Metals (NASDAQ: AMRK) for $92 million. The deal includes a 50% cash and 50% common stock payment. Spectrum Group International is known for its prominent subsidiaries, Stacks Bowers Galleries and Spectrum Wine, specializing in rare coins, currency, and fine wine auctions. The legal team from Olshan is led by corporate partner Michael R. Neidell and comprises several attorneys with expertise in corporate and tax law.
Sectors
- Precious Metals & Mining
- Auction & Retail
- Legal Services
Geography
- United States – This transaction involves U.S.-based companies: A-Mark Precious Metals and Spectrum Group International, guided by the legal firm Olshan Frome Wolosky LLP.
Industry
- Precious Metals & Mining – A-Mark Precious Metals operates within the precious metals sector, focusing on trading, logistics, and financing services.
- Auction & Retail – Spectrum Group International, through Stacks Bowers Galleries and Spectrum Wine, operates in the auction and retail sector for rare coins, currency, and fine wines.
- Legal Services – Olshan Frome Wolosky LLP, the legal advisor in the transaction, falls under the legal services industry.
Financials
- $92 million – The purchase price of the acquisition, comprised of 50% cash and 50% A-Mark common stock.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Spectrum Group International, Inc. | Target | Company | A company engaged in rare coin and currency auctions and fine wine retail through its subsidiaries. |
| A-Mark Precious Metals, Inc. | Bidding Company | Company | A company listed on NASDAQ, focusing on precious metals trading and related services. |
| Olshan Frome Wolosky LLP | Legal Advisor | Company | A law firm representing Spectrum Group International in the acquisition. |
| Stacks Bowers Galleries | Subsidiary of Target | Company | One of the world's largest rare coin and currency auction houses, subsidiary of Spectrum Group International. |
| Spectrum Wine | Majority Owner | Company | A company that provides auction, retail, and storage of fine and rare wines, majority owned by Spectrum Group International. |
| Michael R. Neidell | Lead Corporate Partner | Person | Corporate partner at Olshan Frome Wolosky LLP leading the advisory team for the transaction. |
| Richard M. Quatrano | Corporate Attorney | Person | Corporate attorney at Olshan Frome Wolosky LLP. |
| Rachel L. Gold | Corporate Attorney | Person | Corporate attorney at Olshan Frome Wolosky LLP. |
| Rahmel Lee Robinson | Corporate Attorney | Person | Corporate attorney at Olshan Frome Wolosky LLP. |
| Kuang-Chu Chiang | Tax Partner | Person | Tax partner at Olshan Frome Wolosky LLP. |