Tuesday, 2 September 2014
Last updated 49 min ago
Oct 24 2013 | 9:39am ET
A countercultural icon is set to join private-equity firm Permira's portfolio.
The London-based firm has agreed to acquire the R. Griggs Group, makers of the famed Dr. Martens boots. Permira will pay £300 million (US$485 million) for the business, which has been family-owned since its founding in 1901.
The boots, famed for their cushioned soles, have been popular with succeeding waves of youth subcultures, including punks in the 1970s and 1980s and fans of grunge rock in the 1990s. Now, they join a portfolio that includes such high-end fashion names as Hugo Boss and New Look; Permira sold Valentino last year.
"The Permira funds have extensive expertise in backing global brands, as demonstrated with Hugo Boss and Valentino, and we are looking forward to supporting the management team in this exciting next phase of the company's development," Permira consumer chief Cheryl Potter said.
"The Permira funds respect that heritage, and want to support the management team in nuturing it," Dr. Martens CEO David Suddens said.
The deal is expected to close in January.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...