Venture capital group Alchemy could make a £43m bid for Inventive Leisure, operator of the 40 Revolution vodka bars.

Revolution founders Roy Ellis and Neil McLeod have been working with Alchemy and an offer of around 180p a share is expected, a 10p premium on last week’s closing price.

Regent Inns has made an indicative offer and is undertaking due diligence. Ultimate Leisure is also interested.

The Mail on Sunday 11/12/05 (Financial Mail) page 7
The Sunday Times 11/12/05 (Business) page 3.2