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Richard Caring, the billionaire businessman renowned for his ownership of upscale London restaurants, was reportedly on the verge of finalizing a deal to transfer a controlling interest in The Ivy Collection. According to Sky News, the transaction, valued at approximately £1 billion, is anticipated to be completed within a few weeks.
The London-based firm Si Advisers is said to be the leading contender for the acquisition, emerging as the top choice after several prominent investors expressed interest. The Ivy Collection, known for its high-end dining establishments, has expanded significantly under Caring’s stewardship.
Recent financial reports for The Ivy Collection reveal a turnover of nearly £303 million and EBITDA of £54.8 million. The anticipated sale is poised to deliver a considerable return for Caring, following previous transactions such as the 2019 sale of a 25% stake in Caprice Holdings to a Qatari fund.
Caring’s other renowned venues, including Scott’s, Sexy Fish, and exclusive clubs like Annabel’s, are not part of this deal. Si Advisers, led by Hamza Ben Abderahmen and Ameel Somani—who has a background in private equity at Helios Investment Partners—is at the forefront of this acquisition.
As of Friday afternoon, neither Si Advisers, The Ivy Collection, nor Richard Caring had issued any comments regarding the reported deal.
