Permira emerges as Dr Martens suitor

21/10/2013
Private equity firm Permira has offered £300 million for UK-based footwear brand Dr Martens, in the latest example of a buyout group entering the footwear sector.

It has been reported that the deal could close as early as next month.

Permira is hoping to buy the Griggs family’s stake in the bootmaker, which owns 91.5% of the with the remaining controlled by management.

Dr Martens has been on the block for more than a year, with observers originally valuing the footwear company between £120m and £200m.