Timely exit for Investcorp

Investcorp achieved an exit from its long-standing investment in Breguet this September via a trade sale to Swatch group. Neither the vendor nor the acquiror has disclosed any funding details of the transaction. However, estimates put the luxury watchmaker’s annual sales at around SFr180 million ($124 million) and industry observers believe that the acquisition consideration involved a similar sum.

Since its acquisition by Investcorp in 1987, Breguet has increased unit sales by a factor of ten. The company now joins Swatch’s stable of 13 high-profile watch brands.