Announced

Cain International to acquire Prezzo from TPG Capital.

Synopsis

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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