It's taken a couple of years to find the right person, but Richard Caring is today celebrating the fact that he's secured the sale of a majority stake in his restaurant empire for a whopping £1.4bn. The lucky winner is Sheikh Tahnoon bin Zayed al-Nahyan, the deputy ruler of Abu Dhabi who also chairs the IHC Group whose affiliate Diafa bought up the restaurants.
IHC also own London restaurants like Zuma and Roka, and their investment in the Nammos group will see them opening the first Nammos in Mayfair shortly.
This is a massive deal for the London restaurant scene and it also includes Caring's private clubs George and Mark's Club as well as his popular Mayfair spot Sexy Fish. He is understood to be staying on as Executive Chairman. In a statement released over the weekend he said: "I am confident we will bring our world-class brands to new markets and continue to elevate our vision for hospitality to exciting new heights. Diafa's commitment to investing in exceptional luxury brands makes it the right partner, and I look forward to building something truly enduring together."
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