Barclays Private Equity, a European mid-market private equity firm, has acquired a stake in Gardman, a supplier of wild bird care and garden products, in a deal valued at £85 million.
Gardman, founded 15 years ago, has subsidiaries in America and Australia and nearly 300 staff. 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.
The corporate finance team at Deloitte in Nottingham initiated and introduced Barclays to the transaction.
Phil Griesbach, director at Barclays Private Equity said: “The company has demonstrated it has a robust business model based upon design innovation and providing its customers with good quality, affordable products.”
Paris Natar, chairman and founder of Gardman will remain with the business.
David Jones, corporate finance associate partner at Deloitte and Nick Carr, assistant director led the team advising Gardman. Legal advice was provided to Gardman by Eversheds in Cambridge.
Pinsent Masons provided legal advice to Barclays Private Equity. PwC gave financial and commercial due diligence and tax advice came from Deloitte.
Last week the firm sold The Original Factory Store to Duke Street Capital.