The Novus group owns and operates a number of premium London bars, including Kanaloa, Abacus, Sway, Loop, Ruby Blue, Zoo, Tiger Tiger and Jewel, as well as the Balls Brothers chain.
The CMS team was lead by corporate department partner Jason Zemmel, with assistance from Martin Treagus, Glyn Richards, Victoria Stimson and Andrew Houghton.
CMS also advised on the structuring for the group of tens of millions of pounds of growth funding to strengthen its existing business and to double profitability.
Los Angeles-based firm Latham & Watkins acted for the sellers, RBS and Barclays Ventures. New York’s Debevoise & Plimpton acted for the management team at Novus.