Cain International strikes deal for TPG-backed Prezzo
December 4, 2020
Real estate group Cain International has reportedly agreed to buy UK-based Italian restaurant chain Prezzo. The sale comes at a time when many restaurants are struggling to keep their doors open amid the COVID-19 pandemic. Prezzo, which has been backed by TPG Capital since 2015, has been exploring its funding options since May, Sky News reported. About two years prior to that, the company reportedly closed several locations as part of a financial restructuring.