Bar and restaurant group, Novus Leisure is set to invest between £3m and £4m to update around 10 of its 47 UK sites over the next six months.
Novus, which is valued at £100m and backed by LGV partnered with Hutton Collins, could also look to acquire further sites beyond its London core to cities such as Manchester, Bristol and Leeds.
The group's landmark venues include sites such as Tiger Tiger, Abacus and Zoo Bar, as well as the former Balls Brothers estate of City pubs / restaurants.
Novus' venues all have a long trading window and generate a high proportion of food sales.