LGV Capital, the private equity backer of Amber Taverns, is understood to be in exclusive talks to acquire Novus Leisure, the 52-strong bar and nightclub operator, in a deal valuing it at c£100m, according to The Times. M&C Report understands that LGV is working with Hutton Collins, which has invested in Wagamama on two previous occasions, on the deal to acquire the Steve Richards-led business that has also generated interest from Blackstone, Silverfleet and LDC. The acquisition of Novus would the first move into the late-night bar sector for LGV, which alongside current investments Amber Taverns and Liberation Group, has also previously invested in Tragus and Unique Pub Company. Earlier this year, the Tiger Tiger brand-operator appointed Rothschild to advise it on its strategic options for the next stage of its development, which could include a sale of the whole of or stake in the business. Richards told The Times: “We have been seeking an investor to partner us in the next exciting phase of our development. We have run an exhaustive process. Beyond that, we will not comment.” In May, Novus said it was on track to report a record £19m of EBITDA for the 12 months to June, after reporting a 16.3% rise in like-for-like sales for the first half of the year. The group said that sales for the six months of the year grew from £55.8m to £74.1m, with all areas of its business in “double-digit” growth.