Pet retailer Jollyes has been acquired by private equity firm Kester Capital.
Founded in 1935, Jollyes operates over 70 UK superstores and concessions and sells a range of pet products including its own K9 and Lifestage brands.
In 2014, Jollyes launched an ecommerce offering and has recently introduced grooming and veterinary services in-store.
Kester’s investment aims to provide the company the chance to expand its store network and services.
“I am pleased that Jollyes has passed into experienced hands and I truly believe the business has an exciting future ahead,” Jollyes shareholder Nick Pollard said.
Jollyes was advised throughout the sale by Cavendish Corporate Finance.
“Jollyes has an established position in the pet market and benefits from a highly loyal customer base,” Cavendish director Fiona McCormick said.
“The pet care market has proven to be extremely resilient and there is a clear market opportunity for Jollyes.
“The new partnership with Kester enables the company to build on this position and accelerate its growth.”
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2 Comments. Leave new
Another private equity firm same promises of “growth” which means a few more shops will open but it will be under invested in until they make their money back. Kester was founded in 2007 so not an old company at all and all their other investments I have never heard of and Jollies is their only retail job… all the others are healthcare and media… is this going to be spun off, binned off, or liquidated in the usual 4 year timescale that private equity firms do? Lets see….
4 years on, how are they doing?