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DIAFA acquires majority stake in Richard Caring's brands

PRIVATEApr 12, 2026

Acquiring Company

DIAFA

Acquired Company

Richard Caring's hospitality portfolio

Abu DhabiGreater LondonFood and BeverageHospitalityFood and BeverageHospitality

Description

DIAFA has acquired a majority stake in Richard Caring's extensive hospitality portfolio for over £1 billion. This acquisition includes well-known establishments like Annabel's and The Ivy Brasseries, enhancing DIAFA's presence in the UK. Mr. Caring will remain as executive chairman, guiding the brands into new markets. The deal underscores the growing ambition of UAE firms in the global luxury sector.

Quick answer

DIAFA is acquiring Richard Caring's hospitality portfolio, announced April 12, 2026. DIAFA is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.

How much did DIAFA pay for Richard Caring's hospitality portfolio?
The deal value was not disclosed.
What does DIAFA do?
DIAFA is a luxury hospitality company based in Abu Dhabi.
Where are DIAFA and Richard Caring's hospitality portfolio based?
DIAFA is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates. Richard Caring's hospitality portfolio is based in Greater London, England, United Kingdom.

Source: Fundz verified event record.

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Company Information

Company

DIAFA

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

DIAFA is a luxury hospitality company based in Abu Dhabi. It aims to consolidate leading hospitality brands into a scalable platform. As an affiliate of IHC Group, it oversees a portfolio of high-end food and beverage assets. DIAFA is focused on international expansion and enhancing its global presence.

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Frequently asked

Who acquired Richard Caring's hospitality portfolio?

Richard Caring's hospitality portfolio was acquired by DIAFA, based in Abu Dhabi. The deal was reported on April 12, 2026. DIAFA is a luxury hospitality company based in Abu Dhabi. It aims to consolidate leading hospitality brands into a scalable platform. DIAFA is privately held and operates in Food and Beverage.

When did DIAFA acquire Richard Caring's hospitality portfolio?

DIAFA's acquisition of Richard Caring's hospitality portfolio was reported on April 12, 2026. DIAFA has acquired a majority stake in Richard Caring's extensive hospitality portfolio for over £1 billion. This acquisition includes well-known establishments like Annabel's and The Ivy Brasseries, enhancing DIAFA's presence in the UK. Mr. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Richard Caring's hospitality portfolio do?

Richard Caring's hospitality portfolio includes renowned dining brands like Annabel's and The Ivy Brasseries. It features luxury restaurants and private members clubs in London. The portfolio is known for its high-end offerings and exclusive experiences. Mr. It is privately held, operating in Food and Beverage, and is based in Greater London.

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