Partners Group’s Acquisition Of A Minority Stake In Breitling

Clifford Chance, in conjunction with Swiss counsel Niederer Kraft Frey, advised Partners Group. Bär & Karrer acts as legal advisor to CVC and Breitling in this transaction.

Partners Group, a leading global private markets firm acting on behalf of its clients, acquired a significant minority interest of the leading, independent Swiss watchmaker Breitling from CVC Capital Partners and management.

Breitling is one of the leading Swiss watchmakers, the Company benefits from attractive macro and sectoral transformative growth trends. Partners Group will work with CVC Capital Partners and management to further accelerate Breitling’s growth, building on its successful track record in recent years. Key value creation initiatives include growing direct-to-consumer sales channels, expanding Breitling’s own retail network, particularly in Asia and the US, and continuing to improve operational efficiency.

The Clifford Chance Luxembourg Corporate team advising Partners Group on the acquisition was led by partner Katia Gauzès (Picture), senior advisor Lauren Harris and associates Megi Bllaca and Cristina Mudure.

The Bär & Karrer team was being co-led by Christoph Neeracher and Raphael Annasohn and includes Luca Jagmetti, Lukas Bründler, Arnold Romero and Lazar Lepir (all M&A), Susanne Schreiber and Elena Kumashova (both Tax), Ralph Malacrida, Micha Schilling and Janine Wüst (all Financing) as well as Mani Reinert and Tobias Rebmann (both Antitrust).

The NKF team was led by M&A partner Ulysses v. Salis, working with partner Philippe A. Weber, associates Katalin Siklosi, Shu Bernet-Zhang,
Binderiya Gan-Ayush, Julia Tolstova, Alessandro Stanchieri and junior associates Dominique Sunitsch, Thomas von Gammeren, Samuel Noser (all M&A) and senior associate Oliver Zbinden (Real Estate).

Involved fees earner: Raphael Annasohn – Bär & Karrer; Lukas Bründler – Bär & Karrer; Luca Jagmetti – Bär & Karrer; Elena Kumashova – Bär & Karrer; Lazar Lepir – Bär & Karrer; Ralph Malacrida – Bär & Karrer; Christoph Neeracher – Bär & Karrer; Tobias Rebmann – Bär & Karrer; Mani Reinert – Bär & Karrer; Arnold Romero – Bär & Karrer; Micha Schilling – Bär & Karrer; Susanne Schreiber – Bär & Karrer; Janine Wüst – Bär & Karrer; Megi Bllaca – Clifford Chance; Katia Gauzès – Clifford Chance; Lauren Harris – Clifford Chance; Shu Bernet-Zhang – Niederer Kraft Frey Ltd; Binderiya Gan-Ayush – Niederer Kraft Frey Ltd; Samuel Noser – Niederer Kraft Frey Ltd; Katalin Siklosi – Niederer Kraft Frey Ltd; Alessandro Stanchieri – Niederer Kraft Frey Ltd; Dominique Sunitsch – Niederer Kraft Frey Ltd; Julia Tolstova – Niederer Kraft Frey Ltd; Thomas van Gammeren – Niederer Kraft Frey Ltd; Ulysses von Salis – Niederer Kraft Frey Ltd; Philippe Weber – Niederer Kraft Frey Ltd; Oliver Zbinden – Niederer Kraft Frey Ltd;

Law Firms: Bär & Karrer; Clifford Chance; Niederer Kraft Frey Ltd;

Clients: Breitling; CVC; Partners Group;

Giulia Di Palma

Author: Giulia Di Palma