GCA Advises Watchfinder.co.uk on Its Sale to Richemont
Established in 2002, Watchfinder has grown organically under the careful stewardship of co-founder Stuart Hennell to become the leading platform to research, buy and sell premium pre-owned watches, both online and through its eight boutiques.
Switzerland-based Richemont, one of the leading global luxury goods holding companies, owns more than 18 of the world’s leading luxury brands including Cartier, Montblanc, Panerai and Van Cleef & Arpels.
Commenting on the transaction, Johann Rupert, Chairman of Richemont, said: “Sixteen years ago, Watchfinder’s founders foresaw the need for an online marketplace for premium pre-owned timepieces. Watch enthusiasts themselves, they established Watchfinder to provide excellence in customer experience. We believe there are substantial opportunities to help grow the company further. Today, Watchfinder operates both as an ‘online’ and ‘offline’ business in a complementary, growing, and still relatively unstructured segment of the industry. Together with YOOX NET-A-PORTER and our stake in Dufry, the acquisition of Watchfinder is another step in Richemont’s strategy. It will enable us to better serve the sophisticated needs of a discerning clientele. We welcome Stuart Hennell and his team and look forward to ensuring Watchfinder remains the compelling destination for premium pre-owned timepieces.”
Stuart Hennell said: “After 16 years as an independent business we are delighted that Watchfinder is now part of the Richemont family – the future is exciting. The team at GCA were first class – they ran a highly effective process in an incredibly tight timetable to secure an outstanding result for the shareholders. They were a pleasure to work with and we couldn’t have done it without them.”
This transaction is our latest luxury goods acquisition, as we recently advised Breitling on its sale to CVC and Parfumdreams on its sale to Douglas.
GCA is a global investment bank that provides strategic M&A, capital markets and private funds advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.