GartenHaus to sell the majority control stake in the company for £60m

GartenHaus, a Hamburg, Germany, e-commerce retailer of garden homes, sheds, saunas, and related products, announced getting into an agreement for selling the majority equity package to the private equity group 3i.

The deal involves the 3i Group plc paying roughly £60m ($76.3M) for a majority stake in A-Z Gartenhaus GmbH. GartenHaus’ management team and board will also invest to become shareholders in the business.

GartenHaus, founded in 2002 and led by CEO Sebastian Arendt, offers garden houses, sheds, carports, terraces, saunas and other, often bulky, garden and home related products with garden houses being its core product category.

The company focuses on the high-quality, mid-to-upper priced segment of the market and differentiates itself through product development, excellent customer service and the management of complex logistics to deliver and assemble its products which weigh on average more than 1,000 kg.