owner for Sanders Garden World in multi-million pound deal
Garden World, near Burnham-On-Sea, has a new owner this week after
a multi-million pound deal was announced.
Garden Centre Group, which currently owns the Brent Knoll business,
has agreed to sell its brands to Terra Firma, a private equity
firm, in a deal worth £276m.
Garden Centre Group, previously known as Wyevale, had been on
the market since last year.
spite of being the largest business in a UK gardening industry
worth £5bn a year, the groups debt burden was insurmountable,
and lenders took control in 2008 through a debt-for-equity-swap.
Marshall, The Garden Centre Group's Chief Executive, said: "I
am delighted that the uncertainty over the groups ownership
is now resolved. The group now has solid foundations in place
from which to grow."