PGPHF - Partners Group to become largest shareholder of Swiss watchmaker Breitling
- Partners Group ( OTCPK:PGPHF ) has agreed to increase its equity stake in leading Swiss watchmaker Breitling in a deal that will make it the company'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 of this investment round, under the leadership of CEO Georges Kern and his existing management team.
- Partners Group Co-Founder Alfred Gantner will become Chairman of Breitling's board.
- Both Partners Group and CVC will continue to drive value creation at the company.
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Partners Group to become largest shareholder of Swiss watchmaker Breitling