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Dr. Martens may be looking for a buyer
17.04.2019 1252

Dr. Martens may be looking for a buyer

Several British media have written that Permira, a private equity firm, is considering selling the Dr. shoe brand. Martens, which she acquired six years ago from the founders of the Griggs family brand. It also suggests brand plans for an IPO in the United States.

A private investment fund is looking for bankers to sell the brand or to place brand shares in the US stock market. The Permira Foundation acquired Dr. Martens in 2013, paying 300 million British pounds for it. Since then, the brand’s business has been growing steadily. In the financial report for the year ending March 31, the company reported revenue growth of 20%. It amounted to 348,6 million British pounds (about 400 million euros). EBITDA increased by 33% to 50 million British pounds (approximately 58 million euros). At the moment, Dr. Martens has about 100 stores open around the world.

According to experts, the brand can be sold for at least two times the amount of 300 million pounds that Permira paid for it six years ago.

Several UK media outlets have reported that private equity firm Permira is considering selling the Dr. Martens, which she acquired six years ago from ...
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