At what enterprise value was PREZZO acquired in 2014?

You can find the full valuation details of PREZZO on mynth capital. 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 PREZZO when it was acquired by TPG?

The estimated EV/EBITDA multiple for PREZZO 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 PREZZO acquired by TPG?

PREZZO was acquired by TPG in 2014.

What was the EBITDA of PREZZO during the acquisition?

PREZZO'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 PREZZO 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 PREZZO 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.reuters.com/article/business/restaurant-chain-prezzo-agrees-to-304-mln-stg-cash-bid-from-tpg-idUSL4N0SW3ZP/

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Home Database Retail & ConsumerPREZZO

11/2014

PREZZO

Acquired by

TPG

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

PREZZO acquired by TPG

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

Context

TPG Capital, a U.S.-based private equity firm, agreed to acquire Prezzo plc, a publicly-listed UK casual dining chain, in a take-private transaction. The deal was structured as a recommended cash acquisition through Papa Bidco, a newly-incorporated vehicle indirectly owned by TPG funds. The acquisition came after TPG reportedly outbid competitor Advent International, signaling strong private equity interest in the UK's casual dining sector. The board of Prezzo unanimously recommended the offer to its shareholders, concluding that the company required new skills, infrastructure, and investment to advance to its next stage of growth, which TPG was well-positioned to provide. The founding Kaye family, who controlled a majority stake in the company, provided irrevocable undertakings to vote in favor of the deal, ensuring its successful passage. TPG expressed its intention to leverage its extensive experience in the global food and service industry to support Prezzo's management, optimize the company's full potential, and continue its trajectory of consistent and robust growth. The transaction was viewed as a move by TPG to capitalize on a well-run business with a strong operational model and clear potential for further expansion under private ownership.

PREZZO, 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

Prezzo plc is a prominent UK-based operator in the casual dining sector, specializing in Italian cuisine. Founded in 2000 by the Kaye family, who also established the successful Ask and Zizzi restaurant chains, Prezzo rapidly expanded its footprint across the United Kingdom. The company's business model is centered on offering a contemporary Italian dining experience at accessible price points, catering to a broad demographic of consumers including families, couples, and groups. Its restaurants are typically located in a variety of settings, from high-street locations in major cities to smaller market towns, ensuring wide market penetration. The menu features a classic range of Italian dishes, including pizza, pasta, salads, and grilled items, often adapted to local tastes and seasonal availability. The company’s strategy has historically focused on consistent and robust organic growth through the rollout of new restaurant sites. By 2014, the chain had grown to encompass a significant portfolio of 249 restaurants, establishing itself as a key player in the competitive UK casual dining market through its standardized operational model and strong brand identity.

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REFERENCES

Valuation range: EV 300M - 700M 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 PREZZO by TPG 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: prezzo

Acquirer: tpg