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.”