One of Britain’s largest personal pet meals manufacturers might be about to vary palms for over £100m.
Jollyes, which sells pet meals, toys and vet companies from 70 UK shops, is owned by private equity agency Kester Capital. Bosses on the buy-out specialist are mentioned to be working with Houlihan Lokey on “strategic options” for the business.
The improvement comes amid a flurry of merger and acquisition exercise within the UK pet-related sector, which is now valued at £5.9bn.
In June, FTSE 250-listed veterinary product maker Dechra Pharmaceuticals was taken personal by the Swedish personal fairness agency EQT in a £4.5bn deal during which the Abu Dhabi Investment Authority additionally had a stake.
And in September, General Atlantic, a US-based development fairness specialist, put £280m into home supply pet food firm Butternut Box.
The Sunday Times reported that Butcher’s Pet Care, an upmarket pet food maker, may be trying to money in on the spate of curiosity in pet meals manufacturers from personal fairness corporations and meals conglomerates.
One such meals big, Nestle, has subsumed a raft of pet meals firms up to now few years, together with Lily’s Kitchen and a producing plant owned by Red Collar Pet Foods, each of which now fall underneath the Swiss firm’s Purina PetCare umbrella.
Twelve million UK households personal pets, in line with company financier Clearwater International, which argues the expansion within the pet business trade is all the way down to a rise in ‘humanisation’ of animals, which means house owners are prone to spend extra money on them.
Jollyes was approached for remark.
