Premium bar and nightclub operator Novus Leisure has been sold by majority shareholders Barclays Ventures and RBS Strategic investment Group for GBP100m to new investors LGV Capital and Hutton Collins, which have backed the existing management team.
Novus Leisure is the UK’s largest private bar and nightclub operator having a portfolio of 52 primarily London-based premium bars, including Balls Brothers and Tiger Tiger outlets and Polynesian themed nightclub Kanaloa.
Novus Leisure also operates nightlife guide website www.latenightlondon.co.uk.
Latham & Watkins represented Barclays Ventures, RBS and the Novus Leisure management team as sellers in the transaction with a deal team led by London corporate partner Martin Saywell with associates Benedict Nwaeke and Emily Martin.
