Hutton Collins Partners Backs MBO of Novus Leisure

Hutton Collins Partners has backed the management of Novus Leisure, an operator of 52 primarily London-based premium bars, in a deal worth £100m. 

Hutton Collins has invested alongside LGV Capital, supporting the existing CEO Steve Richards. 
Non-Executive Chairman John Kelly will remain with the business.

Novus intends to use the proceeds to double its central London portfolio over the next three years, enhancing its position in the premium bar London market, across brands including Tiger Tiger and Balls Brothers. In the medium term the company plans to expand outside its London core to cities such as Manchester, Bristol and Leeds.



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