CVC Fund VI has agreed to acquire an 80% stake in

Breitling, a leading independent, family-owned manufacturer of Swiss luxury

watches. As part of the transaction, Théodore Schneider will re-invest for a

20% shareholding in Breitling. Closing of the transaction is subject to

approval by the relevant competition authorities.

Bär & Karrer acted as Swiss legal advisor to CVC

in this transaction. The team included Christoph Neeracher, Luca Jagmetti, Beda

Kaufmann, Philippe Seiler, Yves Suter, Charles Gschwind, Célia Jimenez, Sabrina

Schalcher and Raphael Egger (all M&A), Till Spillmann and Adrian Koller

(both Financing), Susanne Schreiber and Laurent Riedweg (both Tax), Markus Wang

and Jonas Bornhauser (both IP) as well as Mani Reinert (Competition).

CVC Fund VI has agreed to acquire an 80% stake in

Breitling, a leading independent, family-owned manufacturer of Swiss luxury

watches. As part of the transaction, Théodore Schneider will re-invest for a

20% shareholding in Breitling. Closing of the transaction is subject to

approval by the relevant competition authorities.

Bär & Karrer acted as Swiss legal advisor to CVC

in this transaction. The team included Christoph Neeracher, Luca Jagmetti, Beda

Kaufmann, Philippe Seiler, Yves Suter, Charles Gschwind, Célia Jimenez, Sabrina

Schalcher and Raphael Egger (all M&A), Till Spillmann and Adrian Koller

(both Financing), Susanne Schreiber and Laurent Riedweg (both Tax), Markus Wang

and Jonas Bornhauser (both IP) as well as Mani Reinert (Competition).