Blackstone To Buy Clothier Jack Wolfskin For $994M

Law360, New York (July 21, 2011, 1:36 PM EDT) -- The Blackstone Group LP said Thursday it would buy Jack Wolfskin GmbH & Co. KGaA for $994 million from Quadriga Capital and Barclays Private Equity, planning to boost the German outdoor clothing brand internationally.

Idstein, Germany-based Jack Wolfskin said its veteran CEO Manfred Hell would leave the company for personal reasons and a new chief would be appointed shortly.

“Jack Wolfskin is an exceptional company and unique brand. Blackstone is very experienced supporting successful and high-growth companies and will continue to drive the internationalization and the...
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