Aug 27 Private equity firm Terra Firma Capital
Partners is looking to sell the Garden Centre Group
two years after buying the business, Bloomberg reported on
Wednesday, citing people familiar with the matter.
Terra Firma has held talks with potential advisers about a
sale or a public floatation, which could value the company at up
to 700 million pounds ($1.16 billion), Bloomberg said. (bloom.bg/1pHSNTc)
The Garden Centre Group operates 129 sites throughout the UK
and generates revenue through the sale of gardening and related
products, revenue from on-site restaurants and lease income from
sub-letting space to third-party retailers, according to Terra
Representatives of the UK-based buyout group could not
immediately be reached outside regular working hours in the UK.
($1 = 0.6032 British Pounds)
(Reporting by Karen Rebelo in Bangalore, editing by David