Clifford Chance

Clifford Chance advises Partners Group in connection with its increased investment in Swiss watchmaker Breitling

11 January 2023

• Spencer Baylin, Graham Phillips, Mark Inkester, , Natalia van der Laat, Caitlin Hagart, Jennifer Storey, Cliff Cone, Bill Sturman (He/Him), Daniel Rayner, Katia Gauzès, Lauren Harris, Megi Bllaca, Cristina Mudure
• London, New York, Luxembourg

Clifford Chance advises Partners Group in connection with its increased investment in Swiss watchmaker Breitling

Leading international law firm Clifford Chance has advised Partners Group, a leading global private markets firm, acting on behalf of its clients, on its recent transaction to increase its equity stake in Swiss watchmaker, Breitling, which will make Partners Group Breitling's largest shareholder. CVC, Breitling's current majority shareholder, together with its management team and other co-investors, will remain invested alongside Partners Group. Accordingly, Partners Group, CVC and the management team will continue to control Breitling following completion. Closing of the transaction is subject to standard regulatory approvals.

We are delighted to have been able to support Partners Group on its latest private equity investment as part of our long-standing, global relationship, having also most recently advised on its investment in Version 1.

The cross border and cross practice team was led by partner Spencer Baylin in London who was supported by partner Graham Phillips, senior associates Mark Inkester and Elliot Hirst, Director of Financial Investors Natalia van der Laat and associates Caitlin Hagart, Sabrina Brecher; and trainee Nourhan Marouf. Partner Jennifer Storey and associate Asli Kural advised on antitrust and FDI aspects. In New York, partners Cliff Cone, Bill Sturman and associate Daniel Rayner advised on funds and co-investment aspects.

Partner Katia Gauzès, senior advisor Lauren Harris and associates Megi Bllaca and Cristina Mudure advised on the Luxembourg aspects of the matter.