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Expansion of product range and customer base
€14.9mn
Equity investment
€761mn
Revenues 2020
1,644
Employees 2020

KEY FACTS AT A GLANCE

  • Successful expansion of the business outside of private label textile trading
  • Well balanced customer base with B2B as well as B2C customers
  • Growing market with little exposure to economic cycles

JCK

Investment by
DBAG ECF

€14.9mn

DBAG'S INTEREST

€8.8mn

GROWTH
FINANCING

MINORITY
INVESTMENT OF
DBAG ECF

First invested

 1992/2015

REVENUES in €mn

 

811

 

2018

 

878

 

2019

 

761

 

2020

As of 30 June 2021

50

PER CENT

of JCK’s revenues are generated outside of private label business, in particular through merchandising, sports and outdoor articles and through an online shop selling football kits and accessories

JCK is profiting from changes to textile trading and has been growing for many years, including through acquiring companies that expand its business segments in a sensible manner. DBAG and DBAG ECF will participate in the company’s attractive distributions.

PAUL WÜRTH
INVESTMENT MANAGER

PROFILE

JCK, based in Quakenbrück, Germany, evolved from a textile retail business that has been family-owned since its inception. Through organic and external growth, the company has developed to become one of the largest German textile trading companies. With its very successful private label business, JCK is a one-stop shop for large-scale retail companies. The group analyses the market, designs textiles, organises their production and ensures on-time delivery. In this business segment, which constitutes around half of its revenue, JCK is number one in Germany.

JCK has also established additional attractive business segments in recent years: after the acquisition of several companies, the group now generates 50 per cent of its revenue through merchandising articles and sports/outdoor clothing. The companies acquired use the JCK platform, allowing them to exploit economies of scale in procurement and distribution. In its new business segments, the JCK group relies heavily on the internet as its sales channel; for example, JCK has invested in 11teamsports, a fast-growing online shop selling football kits and accessories.

POTENTIAL FOR DEVELOPMENT

The JCK group aims to further proceed down the path it has paved, continuing to grow organically and through acquisitions in the business segments that have already been established. Furthermore, attractive investment opportunities could allow for the entry into additional new business segments. In this regard, the focus of JCK will be on internet-based business models.

FINANCIAL YEAR 2019

JCK again expects to exceed the record level of revenues of 2018. Especially the e-commerce shop for football merchandise as well as its apparel activities with FILA licensed products grew strongly. JCK’s earnings in 2019 will also be significantly higher than originally planned.

OUTLOOK AND OBJECTIVES

JCK has successfully diversified its business in recent years through acquisitions and it will continue to pursue this strategy. Based on the broader product portfolio and the consistently positive market environment, JCK’s management team expects revenues and earnings to continue rising in the future.

Responsible team member

Paul Würth
Paul Würth

Investment Manager

Paul Würth
+49 69 95787-201

Paul Würth

Investment Manager

Paul Würth joined Deutsche Beteiligungs AG in 2018.

Paul Würth has two years of experience in the private equity sector. He began his career at PwC in transaction consulting. Paul Würth holds a Bachelor of Science in Business Administration and a Master of Science in Management from the University of Mannheim. He also studied at the University of Edinburgh and at the HEC Paris.

 

 

Current portfolio companies

JCK

Former portfolio companies

Paul Würth

Investment Manager

+49 69 95787-201