TowerBrook completed the acquisition of Azzurri Group for $88m.

TowerBrook Capital Partners, a London-based international investment management firm, completed the acquisition of Azzurri Group, a casual dining group, for $88m. "The Covid-19 crisis has had a profound impact on the casual dining sector, bringing many businesses like ours to a standstill. Despite being a successful operator, the immediate loss of revenue during lockdown meant that we have had to make some incredibly difficult decisions to protect the business for the long term. It is with deep sadness that this process will result in the permanent closure of a number of sites and that we must say goodbye to greatly valued employees across our brands," Steve Holmes, Azzurri Group CEO.