333 Holdings, the majority owner of Vingt-Quatre, the 24-hour restaurant and bar based in London, is planning a roll out of the concept after receiving new backing from private equity group Nectar Capital, M&C Report has learnt. It is understood that the company is currently looking at possible sites in both London and other major UK cities for the roll out, with Nectar initially providing funding for the first two new openings under the brand. The group will also upgrade the original Vingt-Quatre site, which first opened in November 1995, with a relaunch planned for later in the year. The company has appointed Simon Prideaux, who previously worked at Vingt-Quatre and a further 333-backed venture, the Admiral Codrington in Chelsea, as managing director of the business to oversee the revamp of the original site and the expansion plans. Prideaux, who ran his own restaurant, Tartine in Kensington, launched Melito, a new pizza restaurant in Fitzrovia, last year. He was previously operations director at 333, which also backs the Cowdray pub in West Sussex, the Woolpack Inn in Hampshire and the Royal Oak in Berkshire. 333 took over as the majority owner of Vingt-Quatre in 2007, after Longshot, the investment vehicle founded in 1994 by entrepreneurs Joel Cadbury and Ollie Vigors, sold its share in the business.