THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Garden Centre Group to be sold to Terra Firma

Garden Centre Group, the UK’s largest garden centre operator, is to be sold to private equity company Terra Firma in a deal which values the business at £276 million.

CITY & CORPORATE

Garden Centre Group to be sold to Terra Firma

Garden Centre Group, the UK’s largest garden centre operator, is to be sold to private equity company Terra Firma in a deal which values the business at £276 million.

Terra Firma said the acquisition will be financed through a mixture of debt and equity and confirmed that it has funds available for further investment in the business.

The private equity firm declined to say how much it had paid for the  retailer or give details of its level of debt.

Commenting on the announcement, Guy Hands, chairman and chief investment officer of Terra Firma, said: "The Garden Centre has enormous potential and we see considerable opportunity to help it grow through focused, strategic investment.

"The Garden Centre is an attractive business for Terra Firma. It already has a leading position in a fragmented market with long-term growth prospects. The Garden Centre’s portfolio of garden centres is difficult to replicate given planning restrictions and it has a strong and growing Gardening Club."

The Garden Centre Group operates 129 centres across England and Wales under the names Wyevale, Blooms, Bridgmere and Country Homes and Gardens.

Nicholas Marshall, The Garden Centre Group chief executive, added: "I  am delighted that the uncertainty over the group’s ownership is now resolved. The group now has solid foundations in place from which to grow."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues