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Blackstone announces acquisition of Jack Wolfskin
22 Jul '11
1 min read
Blackstone, announced an agreement with Barclays Private Equity and Quadriga Capital for the sale of German outdoor specialist Jack Wolfskin.
The transaction is expected to close in August.
Dr. Axel Herberg, Senior Managing Director, Blackstone said: “We have seen consistent growth in the outdoor market, and Jack Wolfskin has played a leading role in this. Management at Jack Wolfskin has proven its ability to build a strong brand, and we look forward to supporting further growth throughout Germany and internationally.”
Christian Brandt, Chief Finance Officer, Jack Wolfskin said: “We are pleased to have a long-term oriented and experienced strategic investor with Blackstone on board.”
Jack Wolfskin is the leading provider of functional outdoor clothing, footwear and equipment in Europe and the largest franchisor in the German specialist sports retail market. Jack Wolfskin GmbH & Co. KGaA is headquartered in Idstein im Taunus and employs more than 460 people.
Blackstone is one of the world's leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy.
The transaction is expected to close in August.
Dr. Axel Herberg, Senior Managing Director, Blackstone said: “We have seen consistent growth in the outdoor market, and Jack Wolfskin has played a leading role in this. Management at Jack Wolfskin has proven its ability to build a strong brand, and we look forward to supporting further growth throughout Germany and internationally.”
Christian Brandt, Chief Finance Officer, Jack Wolfskin said: “We are pleased to have a long-term oriented and experienced strategic investor with Blackstone on board.”
Jack Wolfskin is the leading provider of functional outdoor clothing, footwear and equipment in Europe and the largest franchisor in the German specialist sports retail market. Jack Wolfskin GmbH & Co. KGaA is headquartered in Idstein im Taunus and employs more than 460 people.
Blackstone is one of the world's leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy.
Blackstone
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