This just in from Barclays Private Equity. They have acquired a major stake in Gardman Holdings, the UK’s leading supplier of wild bird care and garden products, in a deal valued at ?85m. Read more about private equity deals:
It’s always good to know how well ahead of the game we are. Indebted to Matthew for spotting that we wrote about Gardman years ago as one of Europe’s top manufacturing companies. Anyway, here’s some of the press release. Based in Moulton, Lincolnshire, with rapidly growing subsidiaries in America and Australia, Gardman was originally founded 15 years ago by current chairman and owner Paris Natar. Employing nearly 300 staff, Gardman has been voted Garden Industry Manufacturers’ Association’s (GIMA) “Supplier of the Year” for six years running due to its industry-leading service levels. The company supplies the majority of independent garden centres throughout the UK including Wyevale, as well as DIY stores such as B&Q, Focus, Homebase and Wickes. Paris Natar, Chairman of Gardman Holdings, added: “I am delighted to have Barclays Private Equity on board as an equity partner. Their investment in the business will allow Gardman to continue both our organic and acquisitional growth as well as to move into new product areas and expand overseas.” Gardman was advised by Deloitte’s Nottingham office and Eversheds in Cambridge.
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