Partners Group increases stake in watchmaker Breitling

The transaction makes Partners Group Breitling's largest shareholder.

  • Founded in 1884, Breitling is a Swiss watchmaker
  • CVC is Breitling’s current majority shareholder
  • Key value creation initiatives will include geographic expansion and new product launches

Partners Group increased its equity stake in Swiss watchmaker Breitling in a transaction that will make it the company’s largest shareholder. CVC is Breitling’s current majority shareholder, after an investment in 2017. CVC and other shareholders will remain invested alongside Partners Group.

Grenchen, Switzerland-based Breitling is watchmaker, with a “unique” heritage in the industry as the inventor of the modern wrist chronograph, according to Partners Group.

Key value creation initiatives will include continuing Breitling’s geographic expansion and launching new products.

“After a fundamental transformation in the past five years, Breitling is building on its outstanding achievements and is now in a position to scale the business and become one of the world leaders in the watch industry,” said Alfred Gantner, co-founder and executive member of the board of directors at Partners Group. “We are delighted to increase our stake in the Company. Breitling has a strong foundation for continued growth, with significant future value creation potential. In line with our entrepreneurial governance approach, we look forward to continuing our successful partnership with the management team and CVC.”

Partners Group, headquartered in Zug, Switzerland, is an independent investment firm dedicated to private markets. With $131 billion in assets under management, the firm has invested $185 billion since 1996.

CVC is a global alternative investment manager focused on private equity, secondaries and credit. It is headquartered in Luxembourg.