Terra Firma mandates Christie & Co for Wyevale sale

The GP is invested in the company via its third fund, Terra Firma Capital Partners III, a €5.4bn vehicle that held its final close in May 2007. The GP has recently agreed a 12-month extension to the vehicle's lifespan in order to facilitate the sale of remaining assets.

Terra Firma acquired Wyevale (then known as The Garden Centre Group) from Lloyds in a £276m EV deal in March 2012. The company underwent a refinancing last year, with a group of lenders including Hayfin, Barclays and Lloyds providing a £141.5m debt package.

Wyevale, which operates 145 garden centres, generated a turnover of £325m in 2016, according to publicly available documents, with EBITDA of £29.1m.

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