DEEN
Expansion of product range and customer base
€14.8mn
Equity investment
€610mn
Revenue 2017 (EXP.)
1,200
Employees 2017

KEY FACTS AT A GLANCE

  • Successful expansion of the business outside of textile trading
  • Acquired companies showing positive development
  • Revenues and earnings expected to be down on the prior-year level

JCK HOLDING GMBH TEXTIL KG

Investment by
DBAG ECF

€14.8mn

DBAG'S INTEREST

€8.8mn

GROWTH FINANCING
Shareholders:
DBAG ECF

16.0%

EQUITY SHARE BELONGING TO DBAG

9.5%

other shareholders

84.0%

First invested

JANUARY 1992/JUNE 2015

REVENUES in €mn

 

628

 

2015

 

637

 

2016

 

610

 

2017 (EXP.)

As of 30 September 2017

>30

PERCENT

of its revenues are now generated with products not related to textile trading, for example with merchandising articles

JCK is benefiting from the changes taking place in the textile trading business and has been growing for many years. DBAG and DBAG ECF are participating in the company’s attractive distributions.

JARNO SCHÄFERMANN
MANAGING DIRECTOR

PROFILE

The JCK group, based in Quakenbrück, Germany, evolved from a textile retail business that has been family-owned since its inception. Through organic and external growth, the business has developed to become one of the largest German textile trading companies. JCK is a one-stop shop for large-scale retail companies, especially discount supermarkets, that do not want to design their own textile ranges. The JCK group analyses the market, designs textiles, organises their production and ensures on-time delivery. JCK is the German market leader in this field of business. Around two-thirds of its revenues are attributable to textile trading. The company generates the rest of its revenues as a distributor of merchandising articles and from other activities.

POTENTIAL FOR DEVELOPMENT

Over the last few years, JCK has already expanded its successful textiles business by purchasing smaller companies in the attractive merchandising business. These companies now use the JCK platform, allowing them to exploit economies of scale in procurement and distribution. The plan is to continue pursuing this strategy.

FINANCIAL YEAR 2017

JCK’s revenues and earnings have increased considerably in recent years (between 2012 and 2016, revenues alone were growing at a rate of more than seven percent per year). The current year is characterised by the initial consolidation of new equity investments and by investments in personnel and structures with regard to younger, fast-growing investments. Higher testing and certification expenses in the textile segment are also putting pressure on earnings, which are therefore likely to fall short of the 2016 level at the end of 2017 – though they will remain at a high level.

OUTLOOK AND OBJECTIVES

For the year 2018, the company expects the growth-related expenses incurred and investments made in the present year to lead to higher revenues and earnings contributions.

Responsible team member

Jarno Schäfermann
Jarno Schäfermann

Managing Director

Jarno Schäfermann
Name:
Jarno Schäfermann
Investment focus:
Expansion capital investments
Telephone:
+49 69 95787-260
E-Mail:

Jarno Schäfermann

Managing Director

Jarno Schäfermann joined the Deutsche Beteiligungs AG team in 2012 as a Managing Director.

After finishing his professional training in the publishing industry, he earned his degree in Business Administration from Freie Universität Berlin, with the support of a scholarship from Axel Springer AG. He began his career at the auditing firm KPMG in 2001in the corporate finance area, where he advised financial and strategic investors on corporate transactions and financial issues and also worked for one year as the assistant to the business unit director.

Jarno Schäfermann has more than 12 years of experience in private equity. Before joining DBAG, he worked for a Hamburg-based private equity firm, where he spent many years as a member of the investment team, supporting numerous ‘Mittelstand’ buyouts. In 2011 he then moved to the management board of a portfolio company and played a leading role facilitating its divestment.

Current portfolio companies

JCK Holding GmbH Textil KG Novopress KG Rheinhold & Mahla GmbH

Former portfolio companies

Jarno Schäfermann

Managing Director

+49 69 95787-260
jarno.schaefermann@dbag.de