Gro Group, the Devon-based global nursery brand, has been
acquired by its management team for an undisclosed sum. The management team,
which was provided with a combined debt and equity funding package by Mobeus
Equity Partners and advised by Devon-based corporate finance boutique Isca Ventures,
will be led by Christian Jones and incoming chairman Jules Hydleman, while
Mobeus Partner Bob Henry will join the group’s finance director Dave Gough on the board. Gro Group, the
company behind the baby sleep bag brand Grobag, currently has a turnover of
around £12 million.
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