Blackstone nears Jack Wolfskin deal
Private equity company Blackstone is close to a possible acquisition of German outdoor equipment provider Jack Wolfskin, according to reports.
Previous accounts have mentioned private equity firms such as BC Partners and Advent as interested parties but now it looks as if Blackstone might win the deal as it is willing to pay more than €700m.
Current owner Barclays Private Equity and Quadriga acquired Jack Wolfskin in 2005 for €105m. The outdoor clothing and equipment producer was founded in 1981 and is headquartered in Idstein. Currently the business employs about 430 people and operates approximately 4,000 retail and about 400 franchise stores.
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