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
- 2026-10-18
Value and multiples
100% enterprise value
GBP 333M
100% enterprise value | GBP
Basis: Estimated
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
Approx. $539M USD using FX date 2013-10-24 at 1.6171 GBP/USD.
EV / revenue
2.08x
Period: Year Ended March 2013
Basis: Derived from source data
EV / EBITDA
-
EBITDA basis not stated
Basis: Estimated
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
- Permira paid £300m; the Guardian reports that the family retained nearly 10%. Using an approximate 90% acquired interest gives estimated whole-company EV of £333.3m. FY March 2013 sales of £160.4m imply 2.08x revenue. The reported £22.9m profit is operating profit.
Other reviewed estimates
Earlier estimates and their sources.
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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