Terra Firma in exclusive talks to buy Garden Centre Group

Terra Firma is in exclusive talks to buy Garden Centre Group, sources close to the garden retail group have told Horticulture Week.

Garden Centre Groups Lower Morden Garden Centre - image: HW
Garden Centre Groups Lower Morden Garden Centre - image: HW

Negotiations on the sale of Garden Centre Group are believed to have made significant progress after several months on the market and could be confirmed within days.

The private equity firm owned by Guy Hands, could pay up to £300m for the 130 centre group, which Lloyds Banking Group is selling.

Three other private equity bidders that now appear to be out of the running included CCMP Capital.


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