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BGF sells stake in TCL Group

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BGF sells stake in TCL Group

U.K. and Irish private investment firm Business Growth Fund Ltd., or BGF, exited its investment in landscaping and grounds maintenance company TCL Holdings Ltd. for an undisclosed amount.

TCL was acquired by fellow landscape services provider Idverde UK Ltd.

With the acquisition, TCL Executive Chairman Simon Cashmore and members of the executive management team will take up senior roles within Idverde.

BGF first invested in TCL in May 2014.