US-based fund Carlyle is getting closer to Dr. Martens, according to some British news sources. They broke news that the current owner, Permira, chose Carlyle’s offer over others, thus refusing, for example, that of PE fund KKR. But there is still one (not irrelevant) detail: how much did the Americans offer for it?
Wasn’t it worth 1 billion?
Thismoney.co.uk portal published an article according to which the two-horse race to gain control of the brand ended with Carlyle’s victory. The other contestant, KKR, “showed less interest”. News was then also reported by a number of portals and newspapers. What remains unclear is the sum offered for the brand by Calryle. Online rumours make the sum to be much smaller than the analysts’ estimates. In other words, the sum is closer to the one paid by Permira for the brand (about 300 million UK pounds), while the company was valued at 1 billion UK pounds.
If news of Dr. Martens and Carlyle were to be confirmed in the coming days, the exchange between Permira and Carlyle would be reality. In other words: Carlyle sold olden Goose to Permira, while Dr. Martens will travel in the opposite direction.
Image taken from drmartens.com