London / Duesseldorf, 21 July 2011: Blackstone (NYSE: BX), announced today 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.”
About Jack Wolfskin
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 products are currently available in more than 400 franchise stores and at 4,000 points of sale across Europe and Asia. Jack Wolfskin products feature a high degree of functionality, user-friendliness and innovation. In recent years, Jack Wolfskin has successfully introduced numerous material and product innovations and holds several patents for technologies in the areas of clothing, rucksacks and tents. In the 2009 calendar year, the Company recorded sales revenues of €304.2 million in Europe, up 21 percent on the previous year. Jack Wolfskin GmbH & Co. KGaA is headquartered in Idstein im Taunus and employs more than 460 people.
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