IHC-Backed DIAFA Takes Majority Stake in Richard Caring Empire

A Strategic Shift in Luxury Hospitality

In a landmark deal that reshapes the landscape of high-end global dining, Abu Dhabi-based Diversified Investment and Hospitality Holding (DIAFA), a subsidiary backed by International Holding Company (IHC), has acquired a majority stake in Richard Caring’s prestigious hospitality portfolio. This move marks a significant consolidation of luxury assets, as the conglomerate takes control of some of the most recognizable names in the London and international restaurant scene.

The transaction includes the acquisition of the iconic The Ivy Brasseries, a staple of British dining, as well as The Birley Clubs, which houses some of the world’s most exclusive private members' clubs. The deal underscores a broader trend of sovereign-backed capital aggressively moving into lifestyle and hospitality sectors, viewing these high-margin, brand-loyal assets as prime vehicles for long-term value creation.

Understanding the Empire

Richard Caring’s hospitality empire has long been synonymous with elite dining and high-society social hubs. The Ivy, in particular, has evolved from a single landmark venue in London’s West End into a nationwide brand under Caring’s stewardship. The inclusion of The Birley Clubs—which encompasses legendary establishments such as Annabel’s—adds a layer of exclusivity that is highly coveted by institutional investors looking for recession-resistant, brand-first luxury assets.

For IHC, the parent entity behind DIAFA, this acquisition is an extension of its aggressive diversification strategy. IHC has been a dominant force in the Middle Eastern investment landscape, and by securing a majority stake in these heritage brands, it signals a shift toward capturing recurring revenue streams from the global premium hospitality market.