Houlihan Lokey Advises KatKin

Houlihan Lokey is pleased to announce that KatKin has raised $50 million in Series C equity and debt funding from a group of value-add investors led by Volt Investment Holdings (Volt). The transaction closed on 17 September 2025.

Founded in 2020 by siblings Brett and Nikki O’Farrell and Ed Westcott, KatKin is the U.K.’s leading fresh cat food brand. It has delivered more than 100 million fresh meals and today accounts for 2% of the U.K. cat food market. KatKin set out to raise the standard for cat care by creating a new category of food for cats to thrive: fresh food served from the fridge, made with real meat that is minimally processed and gently cooked to preserve nutrients, delivering immediate health benefits to cats. Today, the company employs more than 150 team members, primarily in London and Suffolk, where it operates from its state-of-the-art Haverhill kitchen. KatKin recently announced its largest pet specialty retail partnership to date with national pet superstore Jollyes.

Founded in 2016 and headquartered in New York, Volt is a long-term investment firm that partners with owner-operated consumer companies across North America and Europe. Volt typically makes one new investment per year, ranging from incubation to control, working closely with owner-operated companies that demonstrate strong, sustainable growth potential.

The investment will fuel KatKin’s expansion across the U.K., scaling both its direct-to-consumer and pet specialty retail channels, supporting entry into new markets, and accelerating R&D and product innovation, including new textures and formulations, as well as the publication of three landmark feline nutrition studies in 2026.

Houlihan Lokey acted as the exclusive financial advisor to KatKin, advising the company on all key aspects of the transaction. The transaction underscores Houlihan Lokey’s deep expertise in the pet sector, following other successful transactions, including General Atlantic’s investment in Butternut Box; the sales of Prime100 to Colgate-Palmolive, Whitebridge Pet Brands to General Mills, Butcher’s Pet Care and Pet Food UK to IPN, Jollyes to TDR Capital; the merger between Natural Balance Pet Foods and Canidae LLC; the capital raise for Butternut Box led by L Catterton; and the sales of Forthglade to IK Partners, Zesty Paws to H&H Group, and Lily’s Kitchen and Tails.com to Nestlé Purina.

RELATED: Consumer, Mergers & Acquisitions