Jollyes, one of the UK’s largest privately owned pet retailers, is being eyed up by private equity firms in a deal that could be worth more than £100m.
The retailer’s private equity owner is working with corporate finance advisers at Houlihan Lokey to look at “strategic options” for the business, according to reporting by The Sunday Times.
Jollyes, which sells pet care merchandise such as food, leads and toys, has just reported its “strongest-ever first half”. It plans to open its 100th UK store in March 2024.
The retailer has also expanded to provide pet grooming and veterinary services in its stores, emerging as a competitor to publicly owned Pets at Home.
Jollyes declined to comment to The Sunday Times.