Bloomberg News

Blackstone Enters Bidding for Bar Operator, Sunday Times Says

June 10, 2012

Blackstone Group LP (BX:US) is bidding to buy Novus Leisure Ltd., the bar and club operator behind the Balls Brothers and Tiger Tiger chains, the Sunday Times reported, without saying where it got the information.

London-based Novus is expected to change hands for about 110 million pounds ($170 million), the newspaper said. Other bidders include the private equity arms of Legal & General Group Plc (LGEN) and Lloyds Banking Group Plc (LLOY), as well as Silverfleet Capital Ltd., the newspaper said.

To contact the reporter on this story: John Glover in London at johnglover@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net


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