Jack Wolfskin is now owned by a consortium of investors and hedge funds. The largest new owners will be Bain Capital Credit, HIG / Bayside Capital and CQS, who collectively hold more than 50 percent in Jack Wolfskin. They will provide Jack Wolfskin with 25 million euros in the form of a super senior loan, strengthening the company's liquidity position.
Melody Harris-Jensbach, CEO at Jack Wolfskin, said: "After strengthening our liquidity and significantly reducing our liabilities and interest expense, the financial restructuring of Jack Wolfskin has beensuccessfully completed. The company now has a sound basis and the necessary capital to further expand its business. Added to this is an encouraging trading scenario.“
Gauthier Reymondier of Bain Capital Credit, commented on behalf of Jack Wolfskin’s main shareholders: "Jack Wolfskin is a very strong outdoor brand, number one in German-speaking countries and number three from the International Outdoor brands in China. We are committed to supporting Jack Wolfskin and now that the restructuring has been completed, we are well positioned to develop the company further in the coming years".
Jack Wolfskin’s new owners hold their equity interest through a Luxembourg holding company.