The private equity company Permira has hired Goldman Sachs and Morgan Stanley to organize a possible initial public offering of Dr. Martens, according to media reports.
The British private equity company plans to float the footwear company on the London Stock Exchange. Permira bought Dr. Martens from the Griggs family in 2013 for £300 million but it is expected to be valued considerably more today.
Dr. Martens posted revenues of £672.2 million (€741.7m-$880.2m) in the full year ended on March 31, 2020, up by 48 percent from a year earlier. Underlying Ebitda rose by 93 percent to £164.4 million (€181.5m-$215.3m), while operating profit grew by 110 percent to £142.5 million (€157.3m-$186.6m).