Kester Capital sells Jollyes

Kester Capital, a leading UK lower mid-market private equity firm, has announced that it has signed an agreement to sell its portfolio business, Jollyes Retail Group Limited, to TDR Capital.

Under Kester Capital’s ownership since 2018, Jollyes has undergone a significant transformation and is now one of the fastest-growing physical retailers in the UK.

TDR Capital’s investment, alongside reinvestment by management, will enable Jollyes to continue its success as an independent business. The transaction is expected to close in March.