M&A Deal Summary

TowerBrook Capital Partners Acquires Azzurri Group

On July 17, 2020, private equity firm TowerBrook Capital Partners acquired restaurant Azzurri Group

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 2nd transaction in the Restaurants sector.
  • This is TowerBrook Capital Partners’ 12th transaction in the United Kingdom.

M&A Deal Summary
Date 2020-07-17
Target Azzurri Group
Sector Restaurants
Buyer(s) TowerBrook Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Azzurri Group

London, United Kingdom
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. The Group employs over 6,000 people, serving more than 20 million meals a year across their portfolio of restaurants. Azzurri Group was founded in 2014 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.

DEAL STATS #
Overall 70 of 99
Sector (Restaurants) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 30 of 35
Country (United Kingdom) 12 of 19
Year (2020) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 ASK Central

Herts, United Kingdom

ASK Central operates with ASK and Zizzi are names in the UK casual Italian dining market with about 120 and 90 locations respectively across the UK. ASK restaurants are situated in prime positions with each restaurant generally having a unique design. ASK Central was founded in Herts, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Talan

Paris, France

Talan supports companies and public authorities with implementing transformation projects in France and abroad. The group places innovation at the heart of its development and operates in areas related to the technological changes in global firms, such as Big Data, IoT, Blockchain and Artificial Intelligence. Talan was founded in 2002 and is based in Paris, France.

Buy -
Mergr

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