Foodservice Equipment Reports

British Chain Prezzo Sold To Texas Equity Firm

The casual dining Italian-style group Prezzo has accepted a takeover offer from the Texas-based private equity firm, TPG. The deal is worth £304 million ($483 million). Founded in 2000 in Oxford, Prezzo currently has nearly 250 restaurants across the U.K., including more than 200 under the core Prezzo brand and 37 under its Mexican-themed Chimichanga brand. The Kaye family, which founded Prezzo and the chains Zizzi and Ask, controls a nearly 60% stake of the Prezzo chain.

Related Articles

Mendocino Farms Partners With Equity Firm For Expansion

P.F. Chang’s To Be Sold To Private Equity Duo

Mooyah Burgers Gobbled Up By Equity Firm