Olswang advises Prezzo on Texas Pacific Group’s offer for Prezzo

This article was produced by Olswang LLP, which joined CMS on 1 May 2017.

International law firm Olswang is advising Prezzo, the casual dining chain, on the recently announced offer for it by funds advised by leading private equity group Texas Pacific Group.

TPG's bid values Prezzo in excess of £300 million, and is to progress by way of a scheme of arrangement. Prezzo is being advised by financial advisers, Altium Capital Limited.

Since the business was founded in 2000, Prezzo has grown into a successful and popular dining business with 249 restaurants in towns and cities across the UK.

Corporate Partner at Olswang, Simon Morgan said: "We are delighted to be working with Jonathan Kaye and the Prezzo team. It is great to add this transaction to our roster of high profile restaurant M&A deals over the last 18 months and we look forward to seeing this transaction through to completion."

The Olswang team is led by corporate partner Simon Morgan and comprises Nick Crosbie, Philip Walton and Tom Hutchinson on the corporate side, and Andrew Quayle, Catherine Merry and Sean Mackenzie on the share schemes side.