Partners Group and Breitling to acquire Universal Geneve.

Partners Group, a private equity firm, and Breitling, a luxury watchmaker, agreed to acquire Universal Geneve, a luxury watch company. Financial terms were not disclosed. "Universal Genève was once hailed as the couturier of watchmaking, renowned for its in-house movements and mythical models. It is a brand that watch enthusiasts have dreamed of seeing make a permanent comeback," Partners Group Co-Founder and Breitling Chairman.