Stevens & Bolton has advised the management team of pet food and accessories superstore chain Jollyes Retail Group, on its management buyout funded by private equity firm Kester Capital.
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 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. Jollyes has also recently expanded its offering to customers to include grooming and veterinary services in store.
David Hutchinson, who has held senior executive roles in a number of retail businesses, most recently at Greencross Limited (Australia's leading pet retailer and veterinary services provider), will take over as CEO of Jollyes going forward.
The Stevens & Bolton team was led by corporate partner Keith Syson, supported by Nassar Nassar (corporate), Kate Schmit (tax) and Sarah Taylor (employment). Travers Smith LLP advised Kester Capital.