M&A Deal Summary

The Blackstone Group Acquires Jack Wolfskin KGaA

On July 21, 2011, private equity firm The Blackstone Group acquired apparel/textiles company Jack Wolfskin KGaA from Equistone and Quadriga Capital for 700M EUR

Acquisition Highlights
  • This is The Blackstone Group’s 3rd transaction in the Apparel/Textiles sector.
  • This is The Blackstone Group’s 102nd largest (disclosed) transaction.
  • This is The Blackstone Group’s 8th transaction in Germany.
Investment Fate
  • Jack Wolfskin KGaA was sold to a publicly-traded strategic buyer in 2018 for 476M USD.

M&A Deal Summary

Date 2011-07-21
Target Jack Wolfskin KGaA
Sector Apparel/Textiles
Buyer(s) The Blackstone Group
Sellers(s) Equistone
Quadriga Capital
Deal Type Secondary Buyout
Deal Value 700M EUR

Target

Jack Wolfskin KGaA

Idstein, Germany
Jack Wolfskin GmbH & Co. KGaA is a provider of functional outdoor clothing, footwear and equipment in Europe and the largest franchisor in the German specialist sports retail market. Jack Wolfskin products are currently available in more than 400 franchise stores and at 4,000 points of sale across Europe and Asia. Jack Wolfskin products feature a high degree of functionality, user-friendliness and innovation.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 151 of 336
Sector (Apparel/Textiles) 3 of 7
Type (Secondary Buyout) 18 of 80
Country (Germany) 8 of 11
Year (2011) 6 of 10
Size (of disclosed) 102 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-11 Dili Group Holdings Co

China

Dili is one of the leading operators and consolidators of large-scale wholesale markets for agricultural produce in China. The Company operates markets in Central and Northern China, which serve as regional and national platforms for buyers and sellers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Cumulus Media Partners

Atlanta, Georgia, United States

Cumulus Media Partners, LLC owns and operates radio broadcasting stations. The company, through its AM and FM radio stations, serves listeners, communities, advertisers, and agencies in Dallas, Houston, San Francisco, Atlanta, Cincinnati, Indianapolis, York, Albemarle, and Anniston. The company was formerly known as Susquehanna Radio Corp. and it changed its name to Cumulus Media Partners, LLC in May, 2006.

Sell $740M

Seller(S) 2

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.


DEAL STATS #
Overall 99 of 192
Sector (Apparel/Textiles) 4 of 5
Type (Secondary Buyout) 43 of 91
Country (Germany) 10 of 28
Year (2011) 8 of 12
Size (of disclosed) 4 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-11 Coventya

Villeneuve-la-Garenne, France

Coventya develops and supplies specialty chemicals for surface finishing in over 40 countries and 4 continents. Coventya is based in Villeneuve-la-Garenne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-28 Martek Power

Torrance, California, United States

Martek Power is today one of the world's leaders in the power conversion industry. With over 40 years of experience, Martek Power possesses a unique expertise in the design and production of power conversion products for high technological aeronautical, defence, medical, telecom and railway industries.

Sell €130M
DESCRIPTION

Quadriga Capital is an investment firm focused on mid-market growth companies in Germany, Austria, and Switzerland. The Firm looks to invest between €20 to €150 million for companies generating sales of €50 to €300 million. Quadriga Capital will consider a variety of transaction situations, including management buyouts and growth financings. Sectors of interest include healthcare, services and software, smart industries, consumer and e-commerce. Quadriga Capital was formed in 1995 and is based in Frankfurt.


DEAL STATS #
Overall 1 of 10
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 1 of 6
Country (Germany) 1 of 5
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Kinetics Germany / Kinetic Systems

Eschau-Hobbach, Germany

Kinetics is an international leading provider of high purity process mechanical systems and solutions that deliver gases, chemicals and water for, among others, electronics (semiconductor, solar) and biopharmaceutical manufacturing processes, including design & construction management, manufacturing of equipment, installation and technical facility management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-24 Lapp Insulators co.

Leroy, New York, United States

Lapp Insulators co. LLC is a manufacturer and supplier of high-voltage insulators with a global sales and references in over 70 countries.

Buy -