Investment and consultancy firm Blackstone has agreed to acquire German outdoor brand Jack Wolfskin from Quadriga Capital and Barclays Private Equity. The transaction is said to be completed in August.

“We are pleased to have Blackstone on board as a long-term oriented and experienced strategic investor,” said Christian Brandt, Chief Finance Officer at Jack Wolfskin. Dr. Axel Herberg, Senior Managing Director at Blackstone Germany, added: “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 successful strategy of Jack Wolfskin together with the management team.”

Moreover, long-standing CEO of Jack Wolfskin, Manfred Hell, will leave the company for personal reasons following nearly 25 successful years at the head of the brand. His position will be filled shortly. With the departure of Hell, the responsibilities within the executive management team will change. Christian Berndt will become Chief Operating Officer and oversee the operations of Jack Wolfskin. From Oct. 1 onward, his former position as CFO will be taken over by Andreas Klotz, who will strengthen the company with his international experience, having been in charge of finance at Puma AG for many years. Markus Bötsch will remain Chief Sales Officer and continue to be responsible for sales.