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Inventive Leisure, the owner of Revolution vodka bars, is to be acquired by Alchemy Partners for £42m.
Inventive Leisure is looking to expand its chain of 40 Revolution vodka bars to between 80 and 100 sites.
Inventive Leisure is planning to expand its chain of 32 bars by opening eight new outlets this financial year and six next year.
Inventive Leisure is preparing to open another five Revolution vodka bars, taking the total to 42.
Inventive Leisure is considering plans to sell off its estate of 11 unbranded bars, in order to focus on the expansion of its Revolution brand.
Inventive Leisure is raising about £6m in a share issue to fund the expansion of its chain of 25 Revolution vodka bars.
Inventive Leisure is to spend more than £8m opening 14 Revolution vodka bars by the end of next year, with the creation of 500 jobs.
Inventive Leisure is to open Revolution vodka bars in Bristol and Derby this year, taking the chain to 19 outlets.