Clearlake buys watch retailer amid fundraise

The firm, which is currently raising its $600m third fund, has sealed its sixth investment of 2012 having sourced debt financing lenders including GSO.

Clearlake Capital Group has acquired US-based watch retailer Swiss Watch International for an undisclosed sum, with debt financing supplied by Blackstone affialte GSO Capital Partners and PNC Bank.

Swiss Watch International is an e-commerce specialist, selling and distributing watches, accessories and apparel through a number of websites and streaming video channels.

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