Houlihan Lokey Advises Jack Wolfskin

Houlihan Lokey is pleased to announce that Jack Wolfskin has been acquired by Callaway Golf Company in a transaction valued at €418 million ($476 million). The transaction was previously announced on 30 November 2018 and closed on 3 January 2019.

Headquartered in Idstein, Germany and founded in 1981, Jack Wolfskin is one of the leading providers of functional outdoor clothing, footwear, and equipment in Europe and the largest franchisor in the German specialist sports retail market. Currently available in more than 3,000 points of sale across the globe, Jack Wolfskin articles feature a high degree of functionality, user-friendliness, and innovation. In recent years, the company has successfully introduced numerous material and product innovations. Jack Wolfskin is a member of Fair Wear Foundation, serves as a bluesign® system partner, and has been a member of the Zero Discharge of Hazardous Chemicals initiative since 2012. Jack Wolfskin is also the official provider of apparel for the Innsbruck Alpine School. Jack Wolfskin was acquired in 2017 by a group of creditors including Bain Capital Credit, HIG Bayside Capital, and CQS. 

Callaway Golf Company, headquartered in Carlsbad, California and founded in 1982, creates products designed to make every golfer a better golfer. The company manufactures and sells golf clubs and golf balls, and sells bags, accessories, and apparel in the golf and lifestyle categories, under the Callaway Golf®, Odyssey®, OGIO, and TravisMathew brands worldwide.

Houlihan Lokey served as exclusive financial advisor to Outdoor Holdings SCA, the holding company of Jack Wolfskin. THM Partners acted as director of and advisor to the Jack Wolfskin Group. JP Morgan Securities LLC acted as exclusive financial advisor to Callaway. The transaction is the largest outdoor lifestyle transaction in Germany since the financial crisis and represents an important milestone in the growth of Houlihan Lokey’s Consumer practice in continental Europe.