American bidders consider acquiring Dr. Martens

People familiar with the matter said that Carlyle Group LP is considering bidding for Dr. Martens. Dr. Martens is a British iconic boot manufacturer owned by rival acquisition company Permira.

People familiar with the matter said that the Carlyle Group is in the early stages of potential quotation discussions, and they do not want to be named because the information is private. People familiar with the matter said that there is no final decision yet, and other suitors may appear.

According to a Bloomberg news report in June, Permira is working with Goldman Sachs and Robert W. Baird to explore Dr. Martens’s choices, including sales or IPOs. People familiar with the matter said at the time that its goal was to withdraw in 2020.

Sky News reported Carlyle’s interest earlier on Thursday, citing unidentified people. Representatives of Carlyle and Permira declined to comment.

Since 2017, Carlyle has owned the Italian luxury sports shoe brand Golden Goose, which is favored by celebrities such as Selena Gomez and Taylor Swift. Bloomberg News reported in September that Carlyle recently began looking for shoemakers to choose from, including potential sales.

A person familiar with the matter said that in the most recent fiscal year, sales of cheap golden goose have increased to an estimated 260 million euros, while Carlyle’s initial investment was about 100 million euros. The source said it expects its profit before interest, taxes, depreciation and amortization this year to increase from 32 million euros three years ago to 80 million euros this year.

According to data compiled by Bloomberg, any deal will increase the $60.8 billion in sales of UK consumer companies announced this year. Permira acquired Dr. Martens for €380 million in 2014. Since then, it has increased the company’s global reach, opening 24 stores last year and expanding its e-commerce offerings.

The company behind the iconic footwear was founded in the 1940s by the German doctor Klaus Martens. In the late 1960s, when “The Who’s Pete Townshend” began to wear on the stage, the boots were promoted to rock stars.