DLA Piper advises shareholders on disposal of Griggs to investment vehicle

DLA Piper has advised the shareholders of R Griggs Group, the parent company and licensee of the Dr Martens brand, on its agreement to dispose of Griggs to an investment vehicle backed by the Permira Funds for £300m. 

Permira is a European private-equity firm. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth.

The deal is expected to complete in January 2014.

The DLA Piper Birmingham-based corporate team was led by partner Noel Haywood with senior associate Ceri Williams-Jones, supported by associates Simon Wright and Rosie Hendon.