Soho House is transitioning back to private ownership through a $2.7 billion acquisition led by MCR Hotels, concluding a four-year duration as a publicly traded entity. The acquisition will see MCR purchasing all outstanding shares at $9 each, a significant premium to the prior stock price. Notable investors like Apollo and Goldman Sachs Alternatives support this venture. Leadership continuity is expected as key shareholders retain their equity interests post-acquisition. Soho House, known for its luxury and exclusivity, was established in 1995 and has expanded globally to 46 locations, offering various amenities to its members.
MCR Hotels has announced a $2.7 billion deal to acquire Soho House, returning the private members' club brand to private ownership and ending its public trading status.
Under the acquisition, MCR will buy outstanding Soho House shares for $9 apiece, an 83% premium, supported by investors like Apollo and Goldman Sachs Alternatives.
The deal will retain key leadership, with Ron Burkle and Nick Jones maintaining control, while famous investors like Ashton Kutcher join the board post-acquisition.
Soho House, founded in 1995, has become synonymous with luxury and an exclusive creative atmosphere, expanding to 46 locations worldwide that include restaurants and hotels.
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