28 Feb 2024
We are pleased to announce that TDR Capital have agreed to acquire Jollyes, the #2 pet specialty retailer in the UK.
Jollyes operates 100 stores across the UK offering a range of products and services for pets with a distinct value offering, focused on its popular own-brand specialty products and price leadership.
Joe Wykes, CEO of Jollyes, said: “Jollyes has been growing at pace over the past two years, with our people providing pet parents a level of expertise and service that is hard to find. This new investment will help us build a much bigger stage, accelerating our growth plans and giving us the resources we need to bring more value to more places. We look forward to partnering with TDR on the exciting next phase of our growth in the UK.”
Gary Lindsay, Managing Partner at TDR Capital, added: “It is fantastic to be partnering with Joe and the Jollyes team to provide even more momentum behind the strong growth of recent years. In Jollyes, we identified a solid business with excellent foundations and significant potential to grow even more ambitiously in the years to come. We are confident that Jollyes can further cement itself in the pet retail sector and increase the competitiveness of the market, which will benefit customers, colleagues and suppliers alike.”
The transaction is expected to complete by the end of March 2024.
To read the official press release: click here.