Jollyes Retail Group Limited has been acquired by Kester Capital LLP
Nick Pollard, owner of Jollyes Retail Group Limited (Jollyes), a leading UK pet retailer, has sold the company to Kester Capital, an independent mid-market private equity firm. Financial details have not been disclosed.
Founded in 1935, Jollyes is the UK’s second largest pet retailer with a portfolio of over 70 superstores and concessions across the UK. Jollyes focuses on providing its loyal and growing customer base with pet products and services that combine great quality and value and over time has developed a very successful range of own brand products, including its K9 and Lifestage brands. In 2014, Jollyes launched an e-commerce website to develop its multi-channel offering. Jollyes has also recently expanded its offering to customers to include grooming and veterinary services in store.
Kester Capital was established in 2007 as Greenhill Capital Partners Europe, the European private equity arm of Greenhill & Co Inc. Kester Capital is managed by a team of experienced professionals and invests on behalf of a number of blue chip institutional investors. Kester Capital is currently investing its second fund, which was raised in 2013. Kester Capital's target equity investment size is between US$7–33 million.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Talk to the deal team
Related deals
Hemink Groep has been acquired by Gimv
Gimv has acquired a majority stake in Hemink, a Dutch specialist in real estate renovation and maintenance. This transaction marks a new chapter for Hemink, as it seeks to expand its position as a national leader in sustainable property services through its new partnership with Gimv.
Learn moreOGD has been sold to Building Beyond Technology Group
Building Beyond Technology Group (BBTG) strengthens its position in the IT sector by welcoming OGD IT-Dienstverlening (OGD) to its platform. With over 1,400 employees, OGD is an established name in the Dutch market as a mission-critical IT service provider for large-scale clients. This addition not only increases BBTG’s scale but also enhances its domain expertise and execution capabilities through close cooperation with the other platform companies.
Learn moreE.Gruppe, a GIMV portfolio company, has acquired LET Gruppe from GFEP Family Equity
LET Gruppe, a leading German provider of customized electrical infrastructure and energy system solutions, is set to become part of E.GRUPPE, a fast-growing industrial platform backed by European investment firm GIMV. The parties have signed a definitive agreement under which E.GRUPPE will acquire 100% of the shares in LET Gruppe from GFEP Family Equity, which has supported the company’s growth and strategic development in recent years. The transaction is subject to regulatory approvals.
Learn more