Pamplona lines up for Dr Martens

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Pamplona Capital Management, the private equity firm backed by Russian billionaire Mikhail Fridman’s Alfa Group, has entered the fray to buy iconic British bootmaker Dr Martens.

Pamplona is facing competition from US private equity heavyweight Warburg Pincus and UK firm Electra Partners, in a sale process that was expected to fetch around £120m but could now fetch up to £200m due to strong interest, the Sunday Times reported over the weekend.

The family-owned business, which was made famous by its skinhead following in the seventies and new wave punk following during the subsequent decade, has hired investment bank Rothschild to handle the sale.

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