Swiss private investment company Partners Group has acquired a significant minority stake in luxury watchmaker Breitling. The group joins private equity group CVC Capital Partners and management in growing the Swiss company. No financial terms were disclosed, however. Founded in 1884, Breitling is already one of the leading Swiss watchmakers, with 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.

Alfred Gantner, Co-Founder, and Executive Member of the Board of Directors, Partners Group, says: "Breitling is an iconic Swiss brand whose watches are instantly recognisable around the world for their quality and style. Under the leadership of Georges Kern, the Company has enjoyed significant growth in recent years, and we believe it has significant potential to capture a wider audience of consumers globally. We wholeheartedly look forward to working with Georges and the CVC team to realize this next stage of growth for Breitling."