Tattersalls Takes Majority Stake In French Sales Company Osarus
Tattersalls Ltd, Europe’s leading bloodstock auctioneers, has announced that it has taken a majority stake in French sales company Osarus. Osarus, whose flagship September Yearling Sale will take place at La Teste de Buch Racecourse on Thursday 11th and Friday 12th September, has rapidly established itself as a significant force in the French bloodstock industry having been founded only seven years ago.
Commenting on the acquisition, Tattersalls Chairman Edmond Mahony said;
“Tattersalls is delighted to announce the acquisition of a majority stake in French sales company Osarus. We view the move as an investment in a vibrant, ambitious, young company which has made a significant impact in an important sector of the European bloodstock market in a very short space of time. We have been working closely with the Osarus team for more than 18 months and taking a majority stake in the firm reflects how impressed we have been by their collective vision.
“The move also reflects our confidence in the French racing and breeding industry which is respected and admired throughout the world. The heartland of Osarus is the South West region of France where so many of the leading French breeders and trainers are based, and it is a region which continues to thrive and prosper.”
Annual Osarus turnover has grown every year since its inaugural September Yearling Sale in 2008 which grossed €461,780. The 2013 Osarus September Yearling Sale achieved turnover of €2,913,000, a massive 87% rise from 2012, with an average price of €18,437. Total Osarus 2013 turnover showed similarly impressive growth, rising 78% from €2,537,000 to €4,527,000.
Osarus auctioneer and bloodstock sales manager Emmanuel Viaud commented;
“This is a hugely significant moment for all of us at Osarus and for the wider French bloodstock industry. Tattersalls is Europe’s leading firm of bloodstock auctioneers and we are proud that such a globally respected company has had the confidence to take a majority holding in Osarus at this early stage in our development. We have enjoyed a successful strategic alliance with Tattersalls since 2012 and as we approach our September Yearling Sale at La Teste, we can look forward to working as partners to provide the best possible service to French breeders in the years to come.”
2014 Osarus Sales Dates
Vente Mixte, January 31st – Clairefontaine
Breeze Up, April 29th – Pornichet
Vente de Yearlings, September 11th – 12th – La Teste
Vente de Yearlings, November 5th – Le Lion d’Angers
Vente D’Elevage, November 6th – Le Lion d’Angers
Session Obstacle, November 6th – Le Lion d’Angers