Blackstone Group has received a €500 million loan to bid for German outdoor clothing retailer Jack Wolfskin, Bloomberg reports. The financing includes €420 million of seven-year term debt.
Bank of America, IKB Deutsche Industriebank, Morgan Stanley and UBS have underwritten the loans. Idstein-based Jack Wolfskin, which is owned by Barclays Private Equity and Quadriga Capital, seeks to complete negotiations in the third quarter of this year.
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