An investor group led by the backers of Crussh, Hattington Capital, has acquired Dobbies Garden Centres from Tesco for £217m.
Tesco bought the group in 2007 and has grown it to be the second largest specialist garden retailer in the country with 35 sites.
The deal was done in partnership with Midlothian Capital.
Hattington has been backing the healthy food and juice bar chain Crussh since March last year.
Tesco Chief Executive Dave Lewis said: “Through their hard work and dedication to customer service, Dobbies colleagues have built a great business, and I would like to thank them for everything they have done. It was a difficult decision to sell the business, but we believe this agreement will give Dobbies a bright future, while allowing our UK retail business to focus on its core strengths.”
Andrew Bracey and Barney Burgess, of Midlothian Capital Partners and Hattington Capital respectively, said: “We are delighted to have been chosen by Tesco to take ownership of the Dobbies Garden Centres business. It is a great business with fantastic colleagues. We’re very optimistic about the potential of the business, and we look forward to growing the business across the UK from its base in Scotland.”