The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Alchemy bids £42m for Revolution

19 December 2005

Tattershall Castle Group owner Alchemy Partners has made a cash offer of more than £42m for Inventive Leisure.

Caspian Bidco, a newly created bid vehicle, will pay 178p per Inventive Leisure share, valuing the company at £42.45m.

This represents a 45% premium on the closing price of 123p per share on 5 September, the day before Inventive announced it had received an approach from a private equity house.

Inventive owns the Revolution vodka bar chain, which has about 40 bars. Both Ultimate Leisure and Regent Inns had made approaches for the company.

Alchemy bought 178 bars from Spirit Group in September of this year, creating the Tattershall Castle Group.

It is thought likely it will combine the two high-street businesses if its bid is accepted by Inventive's shareholders.

by Chris Druce

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku Join the craze and play Sudoku online!
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking