Economy

Blackstone buys Jack Wolfskin



The US-American finance investor Blackstone has bought the last week to the Outdoor experts Jack Wolfskin for about 700 million euros from his present owners, the finance investors Barclays private Equity and quadriga Capital. In addition, became known that the for many years successfully active manager Manfred Hell will leave the enterprise.

Condition for the sales about whose volume of official site, actually, silence was agreed is that the cartel authorities agree. For the shop assistants Barclay private Equity and quadriga Capital the deal will be worthwhile in any case, nevertheless, they acquired the shares of the Outdoor Ausr├╝sters from Idstein in 2006 for only 93 million euros.

Jack Wolfskin which who, the wolf paw probably to most consumers in Germany might be confessed was founded in 1981 and has himself, one may give to the information of the enterprise to faith, to the leading trader develops for Outdoor equipment including clothes and dress shoes in Europe. Only in the enterprise headquarters in Idstein there act 460 employees and the production is unwound, however, for the most part in Asia. Last year the turnover could be increased compared with the year before on more than 20% and reached about 304 million euros.

Why exactly for over a quarter century for Jack Wolfskin active managers Manfred Hell the enterprise leaves, did not become known. One said merely that he would go for personal reasons.

Blackstone sees for Jack Wolfskin before all growth potential at the Asian market. Thus is planned that China should remove in future the present biggest buyer Germany. With the experienced investor Blackstone Jack Wolfskin might have found the right shareholder for a such internationalisation.