News

Shakespeare Martineau advises Dr Martens family founders in multi-billion pound float

Published: 29th January 2021
Area: Corporate & Commercial

Northamptonshire-turned-global shoe brand Dr Martens has launched at the top of the range valuation of 370p per share, equating to a £3.7 billion market cap.

Advising the family founders of the household-name brand is the corporate team at Shakespeare Martineau who also advised the Griggs family on the company’s original sale in 2014 to private equity giant Permira for £300m – at the time of sale, the family retained a 10% stake in the business.

“This has been an incredibly successful float and indicates the interest and value in such as well-established and popular brand, as shown by the IPO offer being eight times oversubscribed and within the first hours of the trading the share price jumping in value.   The successful float is a culmination of the success and hard work of the Griggs family and later the management backed by Permira.

“We have a long-standing relationship with the Griggs family and are pleased to have supported them in this incredible brand’s journey.”

Starting as a modest work-wear boot in 1901, Dr Martens have evolved into an iconic fashion staple – known for its ‘rebellious self-expression’ – having sold more than 11 million pairs of boots in more than 60 countries worldwide.

Stephen Griggs said: “We’re very proud of our family’s brand and how by working with the right people it has transformed into a global icon.

“We’ve got a long-standing relationship with the Shakespeare Martineau team – they have always been as invested in our success as we are.”

Contact us

From inspirational SHMA Talks to informative webinars, we also have lots of educational and entertaining content for life and business. Visit SHMA® ON DEMAND.

Our free legal helpline offers bespoke guidance on a range of subjects, from employment and general business matters through to director’s responsibilities, insolvency, restructuring, funding and disputes. We also have a team of experts on hand for any queries on family and private matters too. Available from 10am-12pm Monday to Friday, call 0800 689 4064.

How can we help?

Our expert lawyers are ready to help you with a wide range of legal services, use the search below or call us on: 0330 024 0333

SHMA® ON DEMAND

Listen to our SHMA® ON DEMAND content covering a broad range of topics to help support you and your business.

Charities Act 2022 – revolution or evolution?

24 May

Andrew Wilkinson, Partner
Charities Act 2022 – revolution or evolution?

On 24 February 2022, the long-anticipated Charities Bill received Royal Assent becoming the Charities […]

Leicester Curry Club

26 May

Leicester Curry Club

We aim to bring together senior like-minded individuals from across the professional services community […]

Keeping court bundles safe from the dark web

26 May

Clive Read, Partner & Head of Birmingham
Keeping court bundles safe from the dark web

It is vital that chambers and their barristers have strong cyber security measures in […]

Nottingham Curry Club

9 Jun

Nottingham Curry Club

We aim to bring together senior like-minded individuals from across the professional services community […]

Our Latest Thoughts

All the latest views and insights on current topics.

Procurement Bill 2022

20 May

Corporate & Commercial

Procurement Bill 2022

Read article Right Arrow

The new Procurement Bill raises important questions for higher education institutions

19 May

Corporate & Commercial

The new Procurement Bill raises important questions for higher education institutions

Read article Right Arrow

Flexible working requests – will need to wait a little longer

18 May

Corporate & Commercial

Flexible working requests – will need to wait a little longer

Read article Right Arrow

Industrial action participation – protection from detriment cannot be read into TULR(C)A

11 May

Corporate & Commercial

Industrial action participation – protection from detriment cannot be read into TULR(C)A

Read article Right Arrow

Employment spring 2022 update: News in brief

11 May

Corporate & Commercial

Employment spring 2022 update: News in brief

Read article Right Arrow