Living Ventures, owner of the Gusto, Blackhouse Grill and Est Est Est brands, has acquired the lion’s share of the restaurant portfolio of chef-restaurateur Paul Heathcote. The former two-Michelin-starred chef has sold five of his nine remaining restaurants to the group, which was founded by Tim Bacon and Jeremy Roberts, for an undisclosed sum. These include three Olive Press sites in Manchester, Liverpool and Cheadle Hulme as well as Grado in Manchester and London Road in Alderley Edge. The move comes after Heathcote was forced to close his Liverpool flagship Simply Heathcotes and the Leeds branch of his Olive Press group of restaurants. The deal leaves the chef with four sites including his former two-Michelin-starred Longridge Restaurant in Preston, Heathcote’s Grill & Bar in Clitheroe, which opens next week, and two Olive Press sites in Preston and Bolton.