Novus Leisure

Novus Leisure
Headquarters
United Kingdom
Number of locations
41 bars and nightclubs (2018)
Key people
Toby Smith (chief executive)
ServicesOperates bars and nightclubs
ParentHayFin Capital Management
SubsidiariesTiger Tiger

Novus Leisure (also A3D2 Ltd) is a British company which operates 41 bars and nightclubs in the United Kingdom.[1] Toby Smith has been in charge of the company since 2015. Their operations include two Tiger Tiger nightclubs, and several venues in the City and West End areas of London.

Ownership history

Having been listed on the London Stock Exchange in 2005 under the name Urbium, the company was taken private in a £115 million buyout.[citation needed] Four years later, Barclays and Royal Bank of Scotland took control from Cognetas (now Motion Equity Partners)[2] in a debt-for-equity deal, followed by LGV Capital and Hutton Collins' £100m purchase in 2012.[3] Presently, the company is owned by HayFin Capital Management, who had provided the debt in 2012 and seized control in 2015.[1] Novus purchased three Rocket Restaurants sites for an undisclosed sum in 2017.[4]

HayFin put Novus up for sale in 2018,[5] and over the next year Stonegate Pub Company acquired Be At One, Fever Bars and 21 London sites.[6][7]

References

  1. ^ a b Kleinman, Mark (18 May 2015). "Tiger Tiger Lender Eyes Control Of Bar Group". Sky News. Archived from the original on 2015-07-13.
  2. ^ "Bar-chain owner Novus Leisure acquired by Hutton Collins Partners and LGV Capital". Manchester Evening News. 2012-07-29. Retrieved 2020-08-23.
  3. ^ Manzoori-Stamford, Janie (2018-07-09). "Hayfin Capital takes Novus Leisure to market". The Caterer. Retrieved 2020-08-23.
  4. ^ Stagg, James (2017-01-11). "James Horler sells Rocket Restaurants to Novus Leisure". The Caterer. Retrieved 2020-08-23.
  5. ^ Meddings, Sabah. "Tiger Tiger owner for sale". The Sunday Times. ISSN 0140-0460. Retrieved 2020-08-23.
  6. ^ Stone, Stuart (23 July 2018). "Stonegate acquires Be At One and 15 Novus Leisure sites". The Morning Advertiser. Retrieved 2020-08-23.
  7. ^ Stone, Stuart (23 January 2019). "Stonegate acquires Fever Bars and more sites from Novus Leisure". The Morning Advertiser. Retrieved 2020-08-23.