Our Mergers & Acquisitions team advised the shareholders of The Landscape Group Limited (backed by Elysian Capital), one of the largest and longest established amenity horticulture specialists in the UK, on the sale of the business to idverde, the largest landscape construction and maintenance business in France. Employing approximately 1,000 staff, The Landscape Group Limited has built-up a forward order book in excess of £300 million.
Idverde, which is backed by Chequers Capital, has turnover of €280 million and employs 3,000 staff. The business is the market leader, being five times the size of its nearest competitor and the only company that can offer green services on a truly national basis across all of France. The enlarged group represents the largest specialist landscaping and grounds maintenance business in Europe, serving local authorities and private customers.
“The shareholders of TLG are delighted with the outcome of the cross-border sale to a new UK entrant. The sale provides a good return to our investors after years of growing TLG into a market leading proposition. We felt BDO worked closely with us as a key part of the team demonstrating undoubted resilience, skill and valuable sector insight to the assignment. We would certainly use the deal team again on future transactions.”
Richard Ramsey, Partner, Elysian Capital LLP