Prezzo seeks new chief executive as Jonathan Kaye steps aside

Prezzo seeks new chief executive as Jonathan Kaye steps aside

Jonathan Kaye

Prezzo is seeking a new chief executive as co-founder Jonathan Kaye moves to a non-executive role following the company's £304m acquisition at the start of the year.

Texas private equity firm TPG Capital, which bought the restaurant chain in January, has appointed one of its operating partners, Dirk Eller, as interim chief executive, The Times reported today.

Meanwhile Kaye has moved to a role looking at "strategic opportunities". He founded the company with his family 14 years ago and together they pocketed £173m for their combined 57% stake in the business.

The number of restaurants in the group has increased from 249 to 260 since the deal was struck, with most operating under the Prezzo brand as well as Mexican chain Chimichanga.

Prezzo accepts takeover offer worth £304m >>

Prezzo to open 250th site >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking