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Gondola Group, the chain of 249 ASK and Zizzi restaurants, has been acquired by private equity firm Bridgepoint for £250m.
Gondola is planning to refurbish up to 30 Ask Italian restaurants a year, and hopes to expand the 120-strong chain to between 150 and 200 sites eventually.
Gondola is planning to expand its chain of 420 PizzaExpress restaurants with 20 new sites a year.
Gondola, the chain of about 520 pizza and pasta restaurants, is to be acquired by private equity firm Cinven for £559m.
Gondola is looking to develop a new restaurant chain to add to its existing PizzaExpress, Ask and Zizzi outlets, and is currently testing two upmarket pizza formats.
Gondola is planning to open about 30 new restaurants a year for the next ten years, to add to its existing 504 PizzaExpress, ASK and Zizzi sites.