Permira walks away with Dr Martens

The deal sees Permira acquiring R Griggs Group, the parent company of Dr Martens, and licence in perpetuity of the brand.

Barclays facilitated the debt financing for the deal.

It was reported last week that Permira was in advanced stages to buy a 91.5% stake in the company.

Company
Established in 1960 and headquartered in Northants on the site of the original factory, Dr Martens is a globally recognised brand, being sold in 63 counties, predominantly in the US, Asia, Europe and the UK.

People
David Suddens is CEO of Dr Martens. Cheryl Potter is partner and head of the consumer sector team at Permira.

Advisors
Equity – Barclays (Financial due diligence).
Vendor – Rothschild (Corporate finance).

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• UK / Ireland
• Permira