Fort Worth-based private equity firm TPG has agreed to purchase British restaurant chain Prezzo Plc in a transaction valued at $486 million. “The Prezzo story is one of consistent and robust growth, driven by a business model based on operational excellence,” said Abel Halpern, partner of TPG in a statement. Prezzo was founded in 2000 and operates 249 casual dining restaurants in the United Kingdom.
Fort Worth private equity firm buys British restaurant chain
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Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.