DIAFA Acquires Iconic London Venues in Major Deal

Apr 12, 2026

62 min

Apr 12, 2026 09:30

UAE-backed DIAFA acquires Ivy, Annabel’s, Scott’s portfolio

## Major Acquisition by DIAFA

DIAFA, a luxury hospitality platform based in Abu Dhabi, has secured a significant investment in Richard Caring's renowned restaurant and club portfolio. This acquisition includes iconic London venues such as The Ivy, Scott’s, Sexy Fish, Noema, and Annabel’s. The deal is valued at approximately £1.4 billion, according to reports.

## Expanding Global Presence

The acquisition aims to enhance DIAFA's global footprint in the luxury dining and hospitality sector. The portfolio includes The Ivy Brasseries, Caprice Holdings' restaurants, and the Birley Clubs, all known for their premium offerings in London's Mayfair district. DIAFA plans to leverage these brands' strong identities to build a global luxury platform.

## Future Growth Plans

Richard Caring will continue as executive chairman, working with DIAFA to expand these brands internationally. Plans include growing The Ivy brand within the UK and launching Annabel’s in New York. This move aligns with DIAFA's strategy to meet the rising demand for experience-led hospitality.

## Leadership and Vision

Ravi Thakran has been appointed as the group chief executive to lead this new phase. He brings extensive experience from global luxury and investment sectors. Thakran emphasized the ambition to redefine dining and social experiences through this curated portfolio of iconic brands.

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