Neil Gatt, the founder of La Tasca, has secured a fourth site for his current casual dining venture, Pesto – an Italian bar-restaurant concept. The entrepreneur has signed a new lease on a former Easy Internet Café on Glasgow’s St Vincent Street. The new 300-cover venue, which will open in February 2011, will be Gatt’s biggest restaurant yet. The business currently operates two Pesto outlets in Manchester – at Deansgate and the Trafford Centre – plus one in Liverpool – at the Liverpool One development. The three restaurants currently average weekly sales net of VAT of more than £30,000. Gatt, who sold the La Tasca business to Penta Capital and a management team led by James Horler for £28.2m in 2001, said his group planned to open one restaurant per year from cashflow, supported by debt funding from Royal Bank of Scotland, although it was considering seeking a private equity partner to pave the way for an accelerated rollout. He told M&C: “We have spent a lot of time exploring the private equity markets and are in early-stage discussions with one party on securing some new funding.” The Pesto concept is built around tapas-style plates, but centred on Italian food.