Terra Firm to Acquire Gardens Group

Terra Firma is set to acquire UK garden centre operator, The Garden Centre Group, in a deal valuing the business at 276 million pounds ($438 million), according to Reuters. The Garden Centre Group operates 129 centres across England and Wales under brands such as Wyevale, Blooms, Bridgmere and Country Homes and Gardens.

Reuters – Britain’s largest garden centre operator, The Garden Centre Group, said on Monday it had agreed to sell the business to private equity firm Terra Firma in a deal which values it at 276 million pounds ($438 million).

The Garden Centre Group comprises 129 centres across England and Wales, operating under brands such as Wyevale, Blooms, Bridgmere and Country Homes and Gardens.

It also has an online offer and runs the largest gardening club in Britain with over 2 million members.

Andrew Sells, chairman of The Garden Centre Group, said the sale follows the decision of shareholders to realise their investment.

Rothschild acted as the financial advisor to The Garden Centre Group and to its lender Lloyds Banking Group.