Private equity firm Electra Partners is in exclusive talks to buy Urbium in a £10.75-a-share deal valuing the Tiger Tiger bar group at £114m, according to The Sunday Times. But The Sunday Telegraph says only that the all-cash offer is "more than £10", valuing the group at "more than 100m". The buy-out firm reportedly wants to back the existing management team. The high level of the bid will surprise some observers following Regent Inns' final offer of 975p a share last month. Shares are expected to soar this week on the news. Urbium was previously part of Chorion, the intellectual property group. They demerged in 2002. The Sunday Times 14/08/05 (Business) page 3.3 The Sunday Telegraph 14/08/05 (Business) page 2