Dr Martens owner among investors bidding for Gymshark stake

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Dr Martens owner among investors bidding for Gymshark stake
// Dr Martens owner Permira joins bidding war for Gymshark stake
// Other firms looking to make a bid include Inflexion Private Equity, General Atlantic, TSG Partners & L Cattertonare
// Gmshark is understood to be planning a £1 billion valuation via a minority stake sale

The private equity owner of Dr Martens has reportedly joined the list of investors looking to snap up a stake in online sportswear retailer Gymshark.

Gymshark, whose growth in recent years has made its founder one of the UK’s wealthiest under-30s, is understood to be planning a £1 billion valuation via a minority stake sale.

According to Sky News, Permira has joined the bidding war for the minority stake alongside Inflexion Private Equity, General Atlantic, TSG Partners and L Cattertonare.


READ MORE: Investors eye up £1bn Gymshark minority stake


The sale process for the minority stake in Gymshark is being run by PwC.

Should a deal go ahead, it would be the first major external investment for the online retailer.

Ben Francis founded Gymshark when he was 19.

Now 27, he owns around two-thirds of Gymshark’s current shares and his wealth is valued at around £138 million.

Gymshark had opened its first ever and longest-standing pop-up store in London just weeks before the coronavirus lockdown came into place in late March.

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