Blackstone, one of the world’s largest private equity investors, has acquired German outdoor specialist Jack Wolfskin, headquartered in Idstein in Hesse, from its previous owners, the financial investors Quadriga Capital and Barclays Private Equity. The parties agreed not to disclose the purchase price.
Jack Wolfskin was founded in 1981 as the house brand of the Frankfurt-based outdoor specialist Sine and has been in the hands of private equity investors since 2002. Jack Wolfskin products are currently available in more than 400 franchise stores and at more than 4,000 points of sale across Europe and Asia. Last year, the company increased its European sales by 21 % to EUR 304 million. Blackstone now plans to promote the internationalisation of the company, with China set to overtake Germany as the company’s largest sales market.
Blackstone was assisted by the following Gleiss Lutz team: Dr. Jan Bauer (lead partner, Corporate/M&A, Frankfurt), Dr. Christian Cascante (partner, Corporate/M&A, Stuttgart), Jan Philipp Mohr, Dr. Christina von Schweinitz, Svenja Müller, Dr. Björn Simon, Dr. Frithjof Behrens (all Corporate/M&A, Frankfurt), Dr. Maximilian von Rom (partner), Renata Noglik, Dominique Seifert (all Banking/Finance, Frankfurt), Dr. Martin Raible (partner), Katharina Vieweg-Puschmann (both Antitrust, Düsseldorf), Dr. Matthias Sonntag (partner), Dr. Jan Bolt (both IP/IT, Düsseldorf), Dr. Thomas Winzer (partner), Tobias Abend (both Labour/Employment, Frankfurt), Dr. Stefan Mayer (partner, Tax, Frankfurt).
Gleiss Lutz regularly advises Blackstone on transactions, most recently on the planned acquisition of Tyco’s waterworks division. Previously, Gleiss Lutz has, for example, assisted Blackstone with the acquisition of plastic films manufacturer Klöckner-Pentaplast for approximately EUR 1.3 billion, the acquisition of the Hilton hotel group for around EUR 19.1 billion and the acquisition of a minority share in Deutsche Telekom AG for approximately EUR 2.68 billion as well as with the public takeover of Celanese AG for around EUR 3.1 billion.
Weiterleiten
