Richard Caring, the serial sector investor, is set to develop a further concept from his Caprice Holdings stable, with the launch of a Caprice Café next year in London’s Mayfair, MCA has learnt.

Caring will open the new concept on the site of former Princess Garden of Mayfair restaurant in North Audley Street, which he acquired over two years ago.

As with the Ivy Collection and Harry’s Bar/Dolce Vita, it is thought that the new concept will be a more accessible version of an existing Caprice Holdings restaurant – this time Le Caprice, the company’s modern British restaurant in St James’s, Piccadilly.

Caring has so far opened 30 sites under the Ivy Collection and one under the Harry’s concept, with a further opening under the latter Italian concept set to open in St Christopher’s Place, Marylebone, later this year.

It is thought Caring, who backs Bill’s and fast-growing the Ivy Collection paid c£3m to acquire the North Audley Street site, which is believed to have been on the market for c£4m.