Italian restaurant chains ASK and Zizzi have been sold by a European private equity firm, Cinven, for £250m. The company which has three ASK restaurants in Scotland and 10 Zizzi’s, has sold the business to Bridgepoint and this completes the company’s exit from the Gondola group of restaurant brands it acquired seven years ago. Earnings at ASK and Zizzi have grown 22% over the last three years. Meanwhile ASK have just signed a 25-year lease on another property on Shandwick Place in Edinburgh. The new restaurant will cover 4,000 sq ft.
