Freshfields Bruckhaus Deringer and Travers Smith have taken the lead mandates on the sale of restaurant brands Zizzi and ASK Italian by Cinven to rival buyout group Bridgepoint for £250m.

The disposal of the pizza and pasta chains completes the exit of Cinven’s investment in casual dining company Gondola Group, which also owned burger restaurant Byron until it was sold last year, and PizzaExpress, before its disposal in July.