Novus Leisure snaps up Soho Clubs & Bars
Novus Leisure, the private equity-backed Tiger Tiger operator, has completed a deal to buy most of Soho Clubs & Bars (SC&B) from its administrators.
The deal, sealed for an undisclosed sum, involves seven of the 10 Central London sites that were in the hands of administrators Kroll.
The sites include SC&B's two Jewel bars, the Shadow Lounge, LVPO, Cheers in Regent Street, and Bar Soho.
Those bars not covered by the Novus deal are Candy Bar, Sirocco, and the Revue Bar, all in Soho.
In a statement Steve Richards, Novus' chief executive said: "We are delighted to have acquired these premium venues and believe they will help consolidate our dominant position in London's Covent Garden and West End.
"The seven venues are performing strongly and mirror our own double-digit growth in London. It is no secret that we are expanding Novus through acquisition, and these additions will enable our existing customers in London to enjoy an even greater range of high quality venues."
A spokeswoman for Novus Leisure was unable to say why the group had not acquired the remaining three sites, nor whether any of the bars it had acquired would be converted into Tiger Tiger bars.
