Add-on Acquisition • Restaurants

Azzurri Group Acquires Pod Food

On June 24, 2019, Azzurri Group acquired restaurant Pod Food from Ashridge Capital

Acquisition Context
  • This is Azzurri Group’s 1st transaction in the Restaurants sector.
  • This is Azzurri Group’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date June 24, 2019
Target Pod Food
Sector Restaurants
Buyer(s) Azzurri Group
Sellers(s) Ashridge Capital
Deal Type Add-on Acquisition

Target Company

Pod Food

London, United Kingdom
Pod Food is a healthy fast food group that operates 24 sites in London, serving freshly prepared and healthy breakfast, lunch, and dinner dishes to takeaway or eats in. Pod Food is based in London, United Kingdom.
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Buyer Overview 1

Buyer

Azzurri Group

London, United Kingdom

Category Company
Founded 2014
Sector Restaurants
Employees6,000
DESCRIPTION

Azzurri Group is a restaurant operator in the casual dining sector offering Italian food under the Zizzi, ASK Italian and Coco di Mama brands in the UK and Ireland. Azzurri Group was founded in 2014 and is based in London, England.


Deal Context for Buyer #
Overall 1 of 1
Sector: Restaurants 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2019 1 of 1

Seller Profile 1

DESCRIPTION

Ashridge Capital is a UK-based private investment group focused on partnering with management to build businesses. Ashridge seeks to invest £1 to £20 million in companies valued up to £50 million. The Firm will consider majority or minority positions in a variety of transaction situations including buyouts, divestitures, and shareholder restructurings. Areas of interest include healthcare, leisure, retail, and outsourcing. Ashridge Capital was formed in 2009 and is based in London.


Deal Context for Seller #
Overall 1 of 1
Sector: Restaurants 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 RED Driving School

Billingham, United Kingdom

RED Driving School is a driving school that teaches people of all ages and abilities to drive with a particular emphasis on safe driving. Customers learning to drive with RED get great instructors who follow a structured lesson program designed to prepare them for their practical test. A key element of the program is designed to impart safe driving skills for life. RED Driving School is based in Billingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Fargro

Arundel, United Kingdom

Fargro supplies horticultural products and solutions. The company support growers, nurseries and garden centres with everything from sundries to state-of-the-art automation systems. Fargro was founded in 1946 and is based in Arundel, United Kingdom.

Buy -