Funds advised by Bain Capital have sold all shares of Jack Wolfskin to private equity firm Quadriga Capital. Jack Wolfskin Top Management will continue to hold a considerable part of the shares. No
financial details were disclosed.
“The new shareholder will offer Jack Wolfskin great opportunities to aggressively develop the brand”,
said Manfred Hell, Jack Wolfskin President & CEO. “We have enjoyed working with Bain Capital over the past two and a half years. We were able to drive brand awareness and market share considerably. I would like to thank Bain Capital for their contributions”, said Hell.
“We are extremely pleased to enter
into this new partnership with Quadriga Capital, which will allow us to achieve our ambitious growth
and expansion plans for the next years.”
Jack Wolfskin is one of the leading European Outdoor brands, located in Idstein/Germany. The product range comprises Functional Apparel, Footwear, Backpacks, Tents and Travel Accessories. With a network of more than 60 Retail Stores Jack Wolfskin is the biggest Franchiser in the German Sporting Goods Industry.
“We have enjoyed working closely with the talented management team of Jack Wolfskin to further energise brand awareness, expand the product line, and extend distribution channels,” said Ulrich Biffar, a Managing Director of Bain Capital. “The company has made significant improvements in operating and financial performance, and is a fine example of the high growth,
mid-size businesses that Bain Capital likes to have in its portfolio alongside larger investments. We believe the company is poised for substantial future growth both in Germany and across Europe.”
Quadriga Capital is a private equity firm specialising in the acquisition of medium-sized and large
companies located in Germany, Switzerland, Austria, the Benelux region and other countries
bordering on these. It is run by a team consisting of highly experienced professionals and has
successfully carried out more than 30 transactions in recent years. The investors backing Quadriga
Capital are international financial institutions from Europe, Asia and the US. Quadriga Capital is
currently a shareholder in companies such as Coventya International GmbH, Richard Fritz GmbH,
Uster Technologies AG, AMEOS Group, Francotyp Postalia and Palmers Textil AG.
” We are excited about the partnership we have entered with the excellent people of Jack Wolfskin.
We are dedicated to support the company to pursue its highly successful strategy,” Andreas Fendel,
founding partner of Quadriga Capital comments the acquisition,” Jack Wolfskin is one of the most
attractive sporting goods brands in Europe. Quadriga Capital will offer its international network which
is particularly strong in Eastern Europe to Jack Wolfskin to facilitate its international growth.”