Blackstone (NYSE: BX) has signed an agreement with Barclays Private Equity and Quadriga Capital to acquire German outdoor specialist Jack Wolfskin. The transaction is expected to close in August.
Dr Axel Herberg, Senior Managing Director, Blackstone says: “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 says: “We are pleased to have a long-term oriented and experienced strategic investor with Blackstone on board.”
