CVC Capital Partners and Partners Group entered into an investment and share purchase agreement regarding the acquisition of a significant minority stake in Breitling AG, one of the world's leading luxury watch manufacturers. Closing of the transaction is subject to approval by the relevant competition authorities.

Bär & Karrer acts as legal advisor to CVC and Breitling in this transaction. The team is 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).