In a strategic move, Kester Capital, a leading private equity firm specializing in the UK’s lower mid-market, has officially inked an agreement to offload its portfolio entity, Jollyes Retail Group Limited, to TDR Capital.
Since coming under the ownership of Kester Capital in 2018, Jollyes has undergone a substantial overhaul, positioning itself as one of the most rapidly expanding brick-and-mortar retailers in the UK.
The infusion of investment from TDR Capital, alongside managerial reinvestment, sets the stage for Jollyes to sustain its momentum and accomplishments as an independent business entity. The finalization of this transaction is slated for March.
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