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Novus Leisure

Novus Leisure is to invest £20m in improvements to its London-based chain of 47 nightclubs and bars over the next two years.

Novus Leisure is planning to double its chain of 52 Tiger Tiger and Balls Brothers bars over the next three years, following a £100m buyout backed by Hutton Collins Partners and LGV Capital.

Novus Leisure is to acquire the Balls Brothers chain of 19 wine bars in London out of administration for undisclosed terms.

Novus Leisure is to start recruiting up to 70 staff for the new Mansion House nightclub that will open soon at Merchant City in Glasgow.

Novus Leisure has secured up to £20m of private equity backing from Cognitas to fund the expansion of its chain of Tiger Tiger nightclubs.