At what enterprise value was AZZURRI GROUP acquired in 2020?

You can find the full valuation details of AZZURRI GROUP on mynth capital. 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 TOWERBROOK?

The exact EV/EBITDA multiple for AZZURRI GROUP is available on mynth capital. 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 TOWERBROOK?

AZZURRI GROUP was acquired by TOWERBROOK in 2020.

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 250M - 500M 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 25M - 50M 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.unquote.com/uk/official-record/3020292/towerbrook-acquires-azzurri-in-gbp70m-deal

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Home Database Retail & ConsumerAZZURRI GROUP

07/2020

AZZURRI GROUP

Acquired by

TOWERBROOK

United Kingdom Hospitality & Leisure / Hospitality / Restaurants / Chains REV 250M - 500M GBP

AZZURRI GROUP acquired by TOWERBROOK

United Kingdom Hospitality & Leisure / Hospitality / Restaurants / Chains REV 250M - 500M GBP

Context

TowerBrook Capital Partners has acquired the restaurant operator Azzurri Group in a pre-packaged administration deal. The transaction was necessitated by the severe financial distress Azzurri faced due to the operational shutdown mandated during the coronavirus pandemic. The lockdown period had a profound and detrimental impact on the UK's hospitality sector, rendering the company's existing capital structure unsustainable. This acquisition was structured to salvage the core business and provide a path to long-term viability under new ownership. The deal ensures the continuity of a significant portion of the company's restaurant portfolio, including its key brands. However, as part of the strategic restructuring to create a more resilient and profitable enterprise, the new owners will undertake a significant rationalization of the restaurant estate. This includes the permanent closure of numerous underperforming sites and a corresponding reduction in the workforce. The transaction represents an exit for the previous private equity owner, Bridgepoint, which had initially acquired the restaurant chains several years prior. The investment by TowerBrook is intended to stabilize the company, navigate the challenging post-pandemic market conditions, and ultimately position the streamlined business for future growth.

AZZURRI GROUP, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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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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.
12/2014	BRIDGEPOINT	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

Revenue range: 250M - 500M GBP

EBITDA range: 25M - 50M 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 TOWERBROOK 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).

Target: azzurri group

Acquirer: towerbrook