Terra Firma Inks $438M Deal To Buy UK Garden Retailer

Law360, New York (March 26, 2012, 4:16 PM EDT) -- London-based private equity firm Terra Firma acquired The Garden Centre Group, Britain's biggest plant and garden care retailer, for £276 million ($438.4 million), the parties announced Monday.

The deal, approved by shareholders and the company's board of directors, will be financed with a debt-equity mix, with debt arranged through Lloyds TSB Bank PLC, Barclays Corporate and The Co-Operative Bank PLC, according to a Terra Firma statement.

Lloyds Banking Group had been a major shareholder.

The firms expect to button up the transaction next month, The Garden...
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