Private equity firms Greybull Capital and Aurelius are among interested parties in the Deltic Group, following its emergency sale announcement last month.

According to the Telegraph, the buy-out funds are weighing bids for the group, which operates brands including Pryzm, Bar & Beyond and Atik, and has been forced to seek investment via accountancy firm BDO as a result of the now eight-month closure of nightclubs.

The 52-strong group has already cut 1,000 jobs – around half of its workforce – and reopened some of its clubs as bars in an attempt to survive the crisis, but it has been reported that it could be considering a company voluntary arrangement to protect the majority of its estate.

Ideal Shopping Direct-backer Aurelius is based in Munich and has backed a range of companies across the continent, whilst Greybull Capital was linked to the bailout of Virgin Atlantic in May.

Aurelius, BDO and Greybull refused to comment on the Deltic sale, but a spokesman for the latter said the crisis was “creating significant difficulties for many companies that would otherwise be viable.”

Currently, Deltic is owned by its management team, led by chief executive Peter Marks and a number of other individual shareholders.

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