NKF: Partners Group acquires a majority stake in Breitling

As we have informed here, CVC and Partners Group have entered into an agreement for Partners Group to increase its stake in leading Swiss watchmaker Breitling in a transaction that will make it the company’s largest shareholder. 

Partners Group is a leading global private markets firm with over USD 131 billion assets under management. Following the acquisition of a minority stake in 2021, Partners Group has decided to increase its stake in the Swiss watch manufacturer Breitling.

Founded in 1884, Breitling has a unique heritage in the industry as the inventor of the modern wrist chronograph and a particular positioning as a casual, inclusive, and sustainable luxury brand.

Niederer Kraft Frey has advised Partners Group, acting on behalf of its clients, on the acquisition of a majority stake in Breitling from CVC. Clifford Chance acted as lead counsel on this transaction. The NKF team was co-led by corporate/m&a partner Ulysses von Salis (pictured left) and senior associate Katalin Siklosi (pictured right), working with associates Naomi Loretz (all corporate/m&a) and Binderiya Gan-Ayush, counsel Janine Reudt-Demont (both data protection, IP/IT) and partner Nicolas Birkhäuser (antitrust).