Transaction summary
- Target
- R Griggs Group Limited (Dr. Martens)
- Acquirer
- Permira-backed investment vehicle
- Seller
- -
- Announced
- 2013-10-24
- Geography
- United Kingdom
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-10-04
- Latest update
- 2026-10-04
Value and multiples
100% enterprise value
Undisclosed
Value not disclosed | GBP
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
-
Period: FY Ended March 2013 2013
Basis: Public source
EV / EBITDA
-
EBITDA basis not stated
Basis: Public source
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: GBP 300M
Reported GBP300m price for a majority stake; family retained near10%, exact acquired percentage unknown.
Basis
- A comparable 100% enterprise value has not been established. Separately reported amounts are retained below.
- Metric period: FY Ended March 2013 2013.
- Permira acquired a majority stake in R Griggs Group (Dr. Martens) for reported GBP300m. Later reporting says the family retained near10%; this is not an exact percentage, so full-company EV is not grossed up. FY ended March2013 revenue was GBP160.4m. Reported operating profit GBP22.9m is not EBITDA. No EV multiple is calculated from partial-stake consideration. Reported revenue GBP160.4m for the year to March2013; GBP300m consideration is for a majority stake, not a full-company EV numerator. No multiple calculated.
Source summary
DR MARTENS announces strong Christmas trading and completion of deal with Permira
Confirmedhas completed the £300m acquisition of R Griggs Group Limited
Open sourceDR MARTENS announces strong Christmas trading and completion of deal with Permira
ConfirmedFurther to the announcement of 24 October 2013
Open sourceDr Martens will make stock market debut at value of £3.7bn
ConfirmedThe stake of the Griggs family, who sold to Permira for £300m in 2013 but retained a near 10% shareholding, is worth £129m of the windfall.
Open sourceDr Martens will make stock market debut at value of £3.7bn | Dr Martens | The Guardian
Confirmedbut retained a near 10% shareholding
Open sourceDr Martens buyout agreed by private equity firm Permira | Private equity | The Guardian
ConfirmedSales rose 27% to £160.4m in the year to March 2013
Open sourceDr Martens buyout agreed by private equity firm Permira | Private equity | The Guardian
Confirmedoperating profit also increased by 27% to £22.9m
Open sourceContinue your research
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