Garden Centre Group bidders down to two private investors

Two private equity firms are believed to be left bidding for The Garden Centre Group - Terra Firma and one other.

Apax has confirmed interest in Nicholas Marshall's Garden Centre Group - image: HW
Apax has confirmed interest in Nicholas Marshall's Garden Centre Group - image: HW

Apax owns Scandanavian garden centre group Plantasjen, but a representative said: "I get the impression we're not [bidding]. It's not coming up in investment meetings and it would be if we were at second round."

Duke Street Capital is a mid-market investor and has bought into Focus in the past. But a representative said: "We're not involved."

Terra Firma founder Guy Hands has confirmed his interest in GCG. Terra Firma's PR company Finsbury had no-one available for comment on Thursday.

The £300m sale was due to complete by the end of the year. Second round bids went in last week.

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