Bregal buys Swiss watches and jewellery retailer Embassy

According to a source familiar with the situation, the GP acquired a majority stake in the business from the owning König family.

The deal marks the sixth investment for the Bregal Unternehmerkapital vehicle and the second in Switzerland, following the acquisition of plastic parts producer Kunststoff Schwanden in September 2016.

The vehicle raised €550m in commitments, and targets mainly equity investments between €30-150m in DACH-based companies with EBITDA values ranging between €5-30m. According to the firm's website, the fund manager can also provide credit.

Company
Founded in 1970 and headquartered in Lucerne, Switzerland, Embassy distributes watches and jewellery. It manages five retail stores in Lucerne and one in St Moritz.

People
Bregal Unternehmerkapital – Florian Schick (managing partner).
Embassy Jewel – Patrik König (CEO).

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