Funds advised by Bain Capital have sold all shares of Jack Wolfskin to private equity firm Quadriga Capital. Jack Wolfskins top management will continue to hold a considerable, but minority, part of the shares. No financial details were disclosed, but Jack Wolfskins web site states that the company has roughly 80 million ($105 mm) in sales worldwide.
Bloomberg was the first to report that Bain was looking to exit the Wolfskin business. That report, first released in December 2004, had Bain looking for $199 million in the deal, or 1.9X Wolfskins reported sales.
Lately, Wolfskin has been placing an emphasis on its retail stores, opening its first in 1993 in Heidelberg, Germany and escalating its expansion. Today it has 56 retail locations throughout Germany and an additional 36 throughout the rest of Europe and Japan.
Quadriga Capital is a private equity firm specializing in the acquisition of medium-sized and large companies located in Germany, Switzerland, Austria, the Benelux region, and other countries bordering on those countries. The company has over $2 billion under management and roughly 55,000 individual investors. Quadriga seems to be quite successful, giving its investors an average return of over 60% per year. The investors backing Quadriga Capital are international financial institutions from Europe, Asia, and the U.S.
