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La Tasca, the Bolton-based chain of 71 tapas bars, is to be acquired by a consortium of R20, Kaupthing and TFT for £104m.
La Tasca is planning to open at least 14 new restaurants this year, to add to the existing 64.
La Tasca is planning to open a further eight restaurants over the next six months, and is also launching a new Sam & Maxie's brand of family bar and grill outlets.
La Tasca Restaurants is planning to expand its chain of 39 tapas bars with up to ten new outlets this year.
La Tasca is to open about ten new restaurants over the next 12 months, with new sites currently being opened in Reading and Bath.
La Tasca is to open its first Irish tapas bar at Belfast's riverside Odyssey complex in September with the creation of 60 jobs.
La Tasca, the chain of 16 tapas bars and restaurants, has undergone a £28m management buy-in, supported by Penta Capital.
La Tasca is planning to open a further 15 tapas bars and restaurants over the next two years, and is negotiating a £12m funding package.