Permira To Pay $485M For Dr. Martens Maker

Law360, New York (October 24, 2013, 1:04 PM EDT) -- An investment vehicle backed by London-based Permira has agreed to buy the parent company of the British footwear brand Dr. Martens for £300 million ($485.1 million), the private equity firm said Thursday.

In its acquisition of R. Griggs Group Ltd., Permira lauded Dr. Martens' status as an iconic brand with a passionate fan base, and pointed to the firm’s extensive experience backing other global fashion houses such as Hugo Boss AG and the Valentino Fashion Group SpA.

"We are looking forward to supporting the management team...
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