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Partners Group Buys Into Swiss Luxury Watchmaker Breitling

1 month ago   |   By Luxuo

Image: Breitling
Private equity firm Partners Group has bought a significant minority stake in watchmaker Breitling, according to news reports and a press release from Partners.
The press release, on the Partners Group website, notes that the stake was purchased from CVC Capital Partners Fund IV and management, which currently owns the majority stake in Breitling, as we reported on years ago. No financial terms were disclosed, but Bloomberg reported recently that Partners Group was looking to buy a 25 per cent stake; private equity typically requires a seat on the board when it makes such...
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