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vh2k · 9 December 2022, 05:45 AM

https://usa.watchpro.com/breitling-v...rolling-stake/

https://www.bloomberg.com/news/artic...tners-cvc-deal

Breitling Said Valued at $4.5 Billion in Partners-CVC Deal

Partners Group to gain majority of iconic Swiss watch brand

CVC bought majority of Breitling for CHF800 million in 2017

Partners Group Holding AG (PGHN) plans to increase its stake in Breitling AG to a majority in a deal that would value the storied Swiss watch maker at more than 4.2 billion Swiss francs ($4.5 billion), according to people familiar with the matter.

The Swiss investment group is in talks to boost its stake to more than 50% from about 23%, said the people, who asked not to be identified discussing confidential information. Private equity firm CVC Capital Partners is set to reduce its majority ownership to about 20%, with management and other private investors owning the rest, the people said.

The valuation assigned to Breitling under the ownership reshuffling underscores a dramatic turnaround for the watch brand orchestrated by Chief Executive Officer Georges Kern. Known for its Navitimer chronographs, Breitling was valued at about 800 million francs when CVC purchased a majority stake in 2017 and about 3 billion francs when Partners first invested in 2021.

The plans to gain a majority stake and potentially sell Breitling shares on the Swiss Stock Exchange in 2027 were reported earlier by Finews, which didn’t include a valuation. Representatives for CVC, Partners Group and Breitling declined to comment.

Founded in 1884 by Leon Breitling, the brand’s sales rose 40% to about 700 million francs in 2021, according to Morgan Stanley estimates. Sales were up another 25% this year on the popularity of Breitling’s Navitimer, Chronomat and Superocean models, Bloomberg News reported in October.

DJ2020 · 10 December 2022, 12:01 AM

Very interesting. Hope to see all inhouse movements and a introduction of some smaller sizes soon. 38-40mm range would be nice.

And bring back the SO 2 for piss sakes!

RW16610 · 10 December 2022, 12:08 AM

It'll be interesting to see what comes of this, indeed.

9 December 2022, 05:45 AM	#1
vh2k "TRF" Member Join Date: Jun 2020 Location: USA Posts: 3,018	Breitling Valued at $4.5 Billion in Change of Control https://usa.watchpro.com/breitling-v...rolling-stake/ https://www.bloomberg.com/news/artic...tners-cvc-deal Breitling Said Valued at $4.5 Billion in Partners-CVC Deal Partners Group to gain majority of iconic Swiss watch brand CVC bought majority of Breitling for CHF800 million in 2017 Partners Group Holding AG (PGHN) plans to increase its stake in Breitling AG to a majority in a deal that would value the storied Swiss watch maker at more than 4.2 billion Swiss francs ($4.5 billion), according to people familiar with the matter. The Swiss investment group is in talks to boost its stake to more than 50% from about 23%, said the people, who asked not to be identified discussing confidential information. Private equity firm CVC Capital Partners is set to reduce its majority ownership to about 20%, with management and other private investors owning the rest, the people said. The valuation assigned to Breitling under the ownership reshuffling underscores a dramatic turnaround for the watch brand orchestrated by Chief Executive Officer Georges Kern. Known for its Navitimer chronographs, Breitling was valued at about 800 million francs when CVC purchased a majority stake in 2017 and about 3 billion francs when Partners first invested in 2021. The plans to gain a majority stake and potentially sell Breitling shares on the Swiss Stock Exchange in 2027 were reported earlier by Finews, which didn’t include a valuation. Representatives for CVC, Partners Group and Breitling declined to comment. Founded in 1884 by Leon Breitling, the brand’s sales rose 40% to about 700 million francs in 2021, according to Morgan Stanley estimates. Sales were up another 25% this year on the popularity of Breitling’s Navitimer, Chronomat and Superocean models, Bloomberg News reported in October.

10 December 2022, 12:01 AM	#2
DJ2020 "TRF" Member Join Date: Nov 2020 Real Name: Wayne Location: NC Watch: 226570 Posts: 3,484	Very interesting. Hope to see all inhouse movements and a introduction of some smaller sizes soon. 38-40mm range would be nice. And bring back the SO 2 for piss sakes! __________________ In the end, it's not the years in your life that count. It's the life in your years. - Abraham Lincoln __________________________________________________ Rolex 226570, Explorer II Club

10 December 2022, 12:08 AM	#3
RW16610 2024 SubLV41 Pledge Member Join Date: Apr 2008 Real Name: Rommel Location: Toronto Canada Watch: 116710LN Posts: 9,194	It'll be interesting to see what comes of this, indeed.

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