Partners Group buys into CVC-backed luxury watchmaker Breitling at $3bn EV, eyeing IPO in a few years

Partners Group has agreed to acquire a significant minority stake in Swiss watchmaker Breitling from CVC Capital Partners as it predicts a 6% CAGR growth in the luxury watch segment between 2021 and 2024. The firms said they planned to bring the company to an IPO in a few years’ time.