Private equity house Blackstone has agreed to hand control of German outdoor clothing brand Jack Wolfskin to senior debt holders, according to a source close to the situation.
Deal marks the first acquisition for the GP's latest vehicle, Alto Capital IV
Second bolt-on completed by Valco since Argos Soditic became majority shareholder in 2014
Asset management business will look to expand its regional network and make bolt-on acquisitions
Firm plans to expand domestically and internationally, primarily in Asia