Deals
CVC Considers Sale of Stake in Luxury Watchmaker Breitling
- Buyout firm speaking to advisers after receiving interest
- Sales of luxury timepieces bounce back after pandemic
Photographer: Stefan Wermuth/Bloomberg
CVC Capital Partners is considering the sale of a stake in Swiss luxury watchmaker Breitling SA after receiving interest from potential investors, people with knowledge of the matter said.
The private equity firm is working with advisers at Rothschild & Co. and GCA Altium as it weighs the potential sale of a significant minority holding in Breitling, the people said, asking not to be identified because the information is private. It plans to keep control of the business in any deal to benefit from future growth, the people said.