Jollyes sold to Kester Capital
Pet retailer Jollyes has been sold to private equity firm Kester Capital.
Founded in 1935, Jollyes has a portfolio of 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 website to develop its multichannel offering and has recently introduced grooming and veterinary services in-store.
Kester’s investment will provide the company with the opportunity to expand its store network and range of services.
Nick Pollard, shareholder of Jollyes, said: “I am pleased that Jollyes has passed into experienced hands and I truly believe the business has an exciting future ahead.”
Jollyes was advised throughout the sale by Cavendish Corporate Finance whose past transactions include the sale of luxury homewares retailer OKA to Investindustrial and Naked Wines to Majestic Wine.
Fiona McCormick, director at Cavendish, said: “Jollyes has an established position in the pet market and benefits from a highly loyal customer base. 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.”
