At what enterprise value was AZZURRI GROUP acquired in 2014?

During the acquisition of AZZURRI GROUP by BRIDGEPOINT in 2014, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of AZZURRI GROUP when it was acquired by BRIDGEPOINT?

The estimated EV/EBITDA multiple for AZZURRI GROUP is in the range of 5x - 12x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.4x. Join our community for free to access full valuation data and industry trends.

When was AZZURRI GROUP acquired by BRIDGEPOINT?

AZZURRI GROUP was acquired by BRIDGEPOINT in 2014.

What was the revenue of AZZURRI GROUP at the time of the deal?

The revenue of AZZURRI GROUP at the time of the deal is estimated to be in the range of 150M - 250M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of AZZURRI GROUP during the acquisition?

AZZURRI GROUP's EBITDA is estimated to be in the range of 10M - 30M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the AZZURRI GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the AZZURRI GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.bridgepointgroup.com/investment-strategies/private-equity/portfolio/middle-market/consumer/azzurri

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Home Database Retail & ConsumerAZZURRI GROUP

12/2014

AZZURRI GROUP

Acquired by

BRIDGEPOINT

United Kingdom Hospitality & Leisure / Hospitality / Restaurants / Chains EV 300M - 700M GBP

AZZURRI GROUP acquired by BRIDGEPOINT

United Kingdom Hospitality & Leisure / Hospitality / Restaurants / Chains EV 300M - 700M GBP

Context

The acquisition of the ASK and Zizzi restaurant chains by Bridgepoint represented the final step in the strategic breakup and divestment of the Gondola Group by its owner, Cinven. Cinven, a European private equity firm, had taken Gondola private several years prior and executed a strategy to realize its investment by selling off the group's constituent brands individually. This transaction followed the successful sales of PizzaExpress to Hony Capital and the Byron Hamburgers chain to Hutton Collins. For the seller, Cinven, the disposal marked the culmination of a profitable investment cycle, allowing the firm to generate a strong return for its limited partners. For the acquirer, Bridgepoint, the deal presented a compelling opportunity to take ownership of two well-established and highly popular brands in the robust UK casual dining market. The chains had demonstrated a strong performance trajectory with significant earnings growth in the years leading up to the sale, indicating a healthy underlying business with a loyal customer base. Bridgepoint's investment was predicated on capitalizing on this existing momentum, potentially implementing operational improvements, and driving further expansion of the ASK and Zizzi store footprints under new, focused ownership. The transaction was a classic secondary buyout, transferring ownership from one private equity sponsor to another.

AZZURRI GROUP, which reported an EBITDA margin of LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Azzurri Group is a major operator in the UK's casual dining sector. The company owns and operates a portfolio of well-known restaurant brands, primarily focused on Italian cuisine. Its flagship chains include Zizzi and ASK Italian, which have an extensive presence across the United Kingdom. The group also operates Coco di Mama, a quick-service brand specializing in fresh pasta and Italian-style sandwiches. With a network of over 200 restaurants and shops, Azzurri Group employs approximately 5,500 people.

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Historical Financials (GBP)

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2013

Other operations with AZZURRI GROUP

Date	Acquirer	Target	Country	Sector	Deal Context
06/2023	AZZURRI GROUP	BOOJUM	Ireland	Hospitality & Leisure	Boojum is a fast-casual restaurant chain specializing in Mexican-themed cuisine. Founded in 2007 by brothers David and Andrew Maxwell in Belfast, Northern Ireland, the company has established a strong brand presence across the island of Ireland. The menu is centered on customizable burritos, bowls, tacos, and other Mexican staples, catering to a consumer base seeking fresh, flavorful, and convenient dining options. The business operates on a counter-service model, which facilitates high-volume sales and quick turnaround times, particularly during peak lunch and dinner hours. By 2023, the company had expanded its footprint to 14 locations, with restaurants strategically situated in major urban centers including Dublin, Belfast, Cork, and Galway. This growth has been supported by a strong and loyal customer following, often driven by a younger demographic that appreciates the brand's vibrant atmosphere and value proposition. The company's operations are managed from its headquarters in Belfast, and as of mid-2023, it employed a workforce of approximately 500 people across its network of restaurants.
07/2020	TOWERBROOK	AZZURRI GROUP	United Kingdom	Hospitality & Leisure	Azzurri Group is a major operator in the UK's casual dining sector. The company owns and operates a portfolio of well-known restaurant brands, primarily focused on Italian cuisine. Its flagship chains include Zizzi and ASK Italian, which have an extensive presence across the United Kingdom. The group also operates Coco di Mama, a quick-service brand specializing in fresh pasta and Italian-style sandwiches. With a network of over 200 restaurants and shops, Azzurri Group employs approximately 5,500 people.

REFERENCES

Valuation range: EV 300M - 700M GBP

Revenue range: 150M - 250M GBP

EBITDA range: 10M - 30M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AZZURRI GROUP by BRIDGEPOINT are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: azzurri group

Acquirer: bridgepoint