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Owner of Ivy 'close to deal' to sell chain to private equity

The Guardian

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September 07, 2024

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

- Sarah Butler

Owner of Ivy 'close to deal' to sell chain to private equity

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

Si Advisers is controlled by Hamza Ben Abderahmen, a director of the health and safety training provider Boyd Group, and Ameel Somani, who is described as "a private equity investor and keen supporter of the arts".

Somani serves on a number of boards and previously worked for Helios Investment Partners, a private equity firm that invested in Africa.

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