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Soho House to go private in $2.7-billion deal, actor Ashton Kutcher to join board
The $2.7 billion deal includes a 17.8% premium per share and aims to support Soho House's growth and financial recovery after share price decline since its 2021 IPO.
- A group of investors, including Ron Burkle, is close to taking Soho House private in a deal valued at $2.7 billion, as reported by the Wall Street Journal.
- Apollo Global Management Inc. will contribute over $700 million to the financing of the deal, according to the Wall Street Journal.
- Soho House shares rose 13% in premarket trading, following news of the deal, the Wall Street Journal reported.
- Soho House has faced challenges as a public company, including a 45% decline from its initial public offering price and criticisms of its business model from investors like Third Point Investors Ltd.
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52 Articles
LONDON - The British chain of private clubs "Soho House" has been sold to a consortium of investors led by the American group MCR Hotels and with the support of the private investment fund Apollo for two billion pounds (2.32 billion euros), and the public's attention was particularly attracted by the news that Hollywood actor and investor Ashton Kutcher will join the company's board of directors.
·Belgrade, Serbia
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Soho House to go private in $2.7-billion deal, actor Ashton Kutcher to join board
Soho House is going private in a $2.7-billion deal led by New York-based MCR Hotels, capping a turbulent market run and financial struggles that erased nearly half of the high-end members club operator's value since its 2021 debut.
·United Kingdom
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Total News Sources52
Leaning Left13Leaning Right6Center14Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 39%
C 42%
R 18%
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