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New Deal


Announced

Cain International to acquire Prezzo from TPG Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Restaurants and Bars

United Kingdom

restaurants

Private Equity

Friendly

Domestic

Majority

Private

Pending

Acquisition

Synopsis

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Cain International, the privately held investment firm led by Jonathan Goldstein, agreed to acquire Prezzo, a chain of British-owned restaurants serving food inspired by Italian cuisine in the United Kingdom and Ireland, from TPG Capital. Financial terms were not disclosed. "We firmly believe that strong hospitality and leisure brands with disciplined leadership will thrive in a post-Covid landscape. Prezzo has a clear vision for how to best serve its customers and communities and I am confident that the combination of Cain’s operational and financial expertise, the exceptional management team led by Karen, and the commitment of Prezzo’s entire workforce will enable the business to realise its full potential. We are extremely excited about joining the Prezzo family and putting it on a path toward renewed growth," Jonathan Goldstein, Cain International CEO.

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