Clearlake Capital Group has acquired Swiss Watch International, a manufacturer, distributor, and online seller of timepieces.
Terms of the transaction were not disclosed.
The Hollywood, Fla.–based SWI manufactures Swiss Legend, Lucien Piccard, Red Line, and a_line watches. It is also the official distributor for such brands as Invicta, Elini, Glam Rock, and Kenneth Jay Lane. The company’s portfolio of websites includes WorldofWatches.com, eWatches.com, TheWatchery.com, and SmartBargains.com.
“With Clearlake’s sponsorship and value-added initiatives, we plan to continue to build on SWI’s history of growth and success,” said Izac, Lior, and Shlomi Ben-Shmuel, co-founders of SWI, in a statement.