Swiss firm Partners Group reported it had concluded its acquisition of Brazilian watchmaker Technos da Amazônia Ind. e Com. S.A (Technos). The Swiss firm said it had completed investment in Brazilian watchmaker Technos on behalf of its clients together with its investment partner DLJ South American Partners. The investment comes in a line of other endeavors the firm has gone into in Brazil, as it seeks to foment its place in Latin America’s biggest economy.

Technos is the leading assembler and distributor of wristwatches in Brazil with a market share of approximately 36% and sales of more than 1.5 million watches in 2009. The company is led by a very experienced management team and is expected to generate strong organic growth as a result of new product development initiatives as well as favorable economic conditions in the region.

As an investor in the company, Partners Group will provide Technos with the benefits of its global industry network, which include new customer introductions and strategic contacts that should further enhance Technos’ leadership position in its markets.

Partners Group is a global private markets investment management firm with over €20 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. The firm manages a broad range of funds and customized portfolios for an international clientele of institutional investors.

Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, London, Guernsey, Luxembourg, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 400 people and is listed on the SIX Swiss Exchange. Partners Group has a market capitalization of more than CHF 4.5 billion; with a clear majority owned by its 36 Partners and all employees.

In a statement to the securities exchange, Partners Group said the target company is led by a very experienced management team and is expected to generate strong organic growth as a result of new product development initiatives as well as favorable economic conditions in the region.

Partners Group develops and manages customized private equity and hedge funds products and investment solutions for different investor profiles. On the private equity side, the firm is involved in private equity partnerships, direct and co-investments, secondary transactions and publicly traded private equity investment vehicles. On the hedge fund side it targets investments in the liquid spectrum of hedge fund strategies.