At what enterprise value was PIZZA PILGRIMS acquired in 2025?

You can find the full valuation details of PIZZA PILGRIMS 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 11.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PIZZA PILGRIMS when it was acquired by L’OSTERIA?

The exact EV/EBITDA multiple for PIZZA PILGRIMS is available on mynth capital. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.5x. Join our community for free to access full valuation data and industry trends.

When was PIZZA PILGRIMS acquired by L’OSTERIA?

PIZZA PILGRIMS was acquired by L’OSTERIA in 2025.

What was the revenue of PIZZA PILGRIMS at the time of the deal?

The revenue of PIZZA PILGRIMS at the time of the deal is estimated to be in the range of 25M - 50M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of PIZZA PILGRIMS during the acquisition?

PIZZA PILGRIMS's EBITDA is estimated to be in the range of 0M - 5M 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 PIZZA PILGRIMS 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 PIZZA PILGRIMS 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.pwc.co.uk/services/deals/recent-deals/pwc-corporate-finance-advises-pizza-pilgrims-on-losteria-investment.html

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Home Database Retail & ConsumerPIZZA PILGRIMS

08/2025

PIZZA PILGRIMS

Acquired by

L’OSTERIA

UNITED KINGDOM Hospitality & Leisure / Hospitality / Restaurants / Chains REV 25M - 50M GBP

PIZZA PILGRIMS acquired by L’OSTERIA

UNITED KINGDOM Hospitality & Leisure / Hospitality / Restaurants / Chains REV 25M - 50M GBP

Context

L’Osteria (backed by McWin Capital Partners) agrees to acquire a majority stake in Pizza Pilgrims. The transaction is structured as a strategic partnership: Pizza Pilgrims will remain an independent brand, with founders Thom and James Elliot staying involved full‑time, while Gavin Smith and Sophie Gilchriest are promoted to CEO and CFO, respectively, to lead the next phase of growth. L’Osteria intends to use its experience in Italian casual dining, multi‑country operations, and supply chain / site‑roll‑out knowledge to support Pizza Pilgrims’ “measured expansion” in the UK and its international ambitions in Europe, including potential new markets and additional sites. The group aims to grow Pizza Pilgrims from 25 to around 38 locations by 2027. The founders describe the partnership as a “one‑plus‑one‑equals‑three” model, emphasizing strong cultural alignment and shared passion for Italian‑style hospitality.

PIZZA PILGRIMS, which reported an EBITDA margin of LOGIN in 2024, 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 (11.5x).

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

Pizza Pilgrims is a UK‑based casual‑dining pizzeria chain founded in 2012 by Thom and James Elliot, which started as a market stall in Soho and has grown into a 25‑unit estate across the UK. The group specializes in Neapolitan‑style pizzas and Italian‑inspired food and drinks, with a strong “hospitality‑first” culture and a loyal following among urban consumers.

Ent. Value

Equity Value

Multiples Analysis

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2024

2023

Other operations with PIZZA PILGRIMS

REFERENCES

Revenue range: 25M - 50M GBP

EBITDA range: 0M - 5M GBP

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) 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: pizza pilgrims

Acquirer: l’osteria