Reuters: Private Equity: UK's Garden Centre Group sold to Terra Firma

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UK's Garden Centre Group sold to Terra Firma Mar 26th 2012, 07:30 LONDON, March 26 | Mon Mar 26, 2012 3:30am EDT LONDON, March 26 (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.

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