Flotation could value YouGarden at £200m

The Times reports that the owners of You Garden are considering a float for the company.  The newspaper speculates the business could be valued at £200m.

In 2019 Kester Capital backed the multi channel garden retailer in a management buyout led by its founder Peter McDermott, when sales were reported at £17m.  Since then online gardening sales have flourished due to the Coronavirus pandemic.

Now, The Times says ‘YouGarden, which is owned by Kester Capital, the private equity firm, is understood to be looking for bankers to advise on a possible flotation’.  It continues, ‘While a listing of YouGarden is not thought to be imminent, its search for advisers comes as flotations in London surge with companies eager to go public.’

See https://www.gardenforum.co.uk/headlines/yougarden-gets-backing-for-mbo/.

https://www.thetimes.co.uk/article/yougarden-thinks-time-may-be-ripe-for-a-listing-gcg30mt9m