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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Richard Caring ‘close to £1bn sale of Ivy chain to private equity group’

Richard Caring Ivy SI Companies House J Sheekey London
The Ivy restaurant in Covent Garden, London
The original Ivy restaurant on West Street in Covent Garden made a profit of more than £1m in the year to January 2022. Photograph: Radharc Images/Alamy

Richard Caring and fellow shareholders are reportedly close to selling the Ivy chain of restaurants for £1bn to a little-known private equity group.

The chain of more than 40 restaurants in the UK is poised to be bought by Si Advisers within weeks, according to Sky News.

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