Richard Caring sells majority stake in Ivy hospitality empire to Sheikh Tahnoon’s IHC
Deal includes an investment of more than £1bn
Deal includes an investment of more than £1bn

Sale marks first time Izzy Englander has parted with equity in firm’s 36-year history

Business whose advisers include former MI6 chief and ex-CIA deputy director valued at more than £250mn

Financial services entrepreneur wins auction that drew interest from wealthy individuals, family offices and media groups

Paris-based group in talks with its investors amid slump in high-end market

Shareholder’s claims of impairments put billionaire investor Oliver Samwer’s stewardship back in the spotlight

Governor says near-$1tn PIF will focus on efficiency without retreating from global deals