Prezzo, the Italian restaurant chain, has reached an agreement to acquire 11 sites from Paramount Restaurants, along with the rights to the Caffe Uno brand, for £3.1m. The operator, which is led by chief executive Jonathan Kaye, has acquired three Caffe Uno sites, two Il Bertorelli and six Brasserie Gerard restaurants. The move comes after it was recently revealed that Tom Aikens, the high-end chef, is also in exclusive negotiations to acquire six sites. M&C Report also understands that Tasty, the operator behind Dim T and Wildwood, is also in discussions over two sites. Prezzo said the outlets would continue to operate under their existing brands until they were refurbished under Prezzo’s existing trading formats, which includes the Mexican concept Chimichanga, or under the newly acquired Caffe Uno brand. The transfer of the leases is subject to landlord’s consent. The properties selected are located in a range of cities and towns across England, with the majority in the South East and the Home Counties. As part of the deal the company has allowed Paramount Restaurants to continue to use the Caffe Uno trademark for one year. In a statement, Prezzo said: “The directors expect the acquisition to be earnings enhancing following the completion of the refurbishment and rebranding programme in early 2011.” Christie & Co is handling the disposal on behalf of Paramount.