Mazars Corporate Finance is delighted that Joyce’s Supermarket Groups acquisition of Nestor’s Supermarket Group has completed
Mazars Corporate Finance are delighted to announce that it has acted as exclusive financial adviser to Joyce’s Supermarket Group on its successful acquisition of Nestor’s Supermarket Group.
Established in 1951, Joyce’s are a local Galway company with stores in Headford, Athenry, Tuam, Indreabhan and Knocknacarra. The family-owned and operated company is committed to sustaining employment and increasing investment in Galway. The proposed transaction allows for additional career and promotion opportunities for both existing and new employees. Furthermore, local growers and suppliers will benefit from an enhanced route to market.
Managing Director of Joyce’s Supermarket Group, Pat Joyce, said:
“We are always open to exploring opportunities for growth. Once the requisite approvals are obtained, we look forward to working with the employees at each of the locations to develop new Joyce’s supermarkets. We pride ourselves in providing a wide range of locally-sourced products to customers throughout our existing stores and welcome the opportunity to offer the same level of quality in four additional Joyce’s outlets.”
Mark Brophy, Director Mazars Corporate Finance, said;
“This acquisition enhances Joyce’s Supermarket Group position as a leading force in the West of Ireland retail market, it protects jobs, increases employment and supports local suppliers and producers. We are delighted to have assisted Joyce’s Supermarket Group in winning the asset who no doubt will make a huge success out of it under Pat Joyce’s expert leadership”.
Mazars Corporate Finance
Mazars Corporate Finance is a full-service corporate finance offering advising clients on selling their business, funding growth through debt or equity, MBO’s and acquisitions. We are a member of a global partnership active in over 90 countries across five continents. With offices throughout Europe, North America, Asia Pacific and Australia, our international reach ensure clients achieve the optimum results.