Partners Group, a private equity firm, completed the acquisition of a majority stake in Breitling, a luxury watchmaker, from CVC Capital Group, a private equity firm. Financial terms were not disclosed. "After a fundamental transformation in the past five years, Breitling is building on its outstanding achievements and is now in a position to scale the business and become one of the world leaders in the watch industry. We are delighted to increase our stake in the Company. Breitling has a strong foundation for continued growth, with significant future value creation potential. In line with our entrepreneurial governance approach, we look forward to continuing our successful partnership with the management team and CVC," Alfred Gantner, Partners Group Co-Founder.