US EditionSoho 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.
42 Articles
42 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.
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.
Ashton Kutcher, MCR Hotels, and Soho House Just Struck a $2.7 Billion Deal, and Investors Will Want to Pay Attention @themotleyfool #stocks $SHCO
Key PointsSoho House has signed a $2.7 billion take-private agreement with a consortium investors, including Ashton Kutcher.Kutcher will join Soho House's board as part of the deal.Investors who aren't already shareholders have limited options.10 stocks we like better than Soho House & Co Inc. › Actor Ashton Kutcher starred in films like No Strings Attached (2011), Dude, Where's My Car? (2000), and What Happens in Vegas (2008), but now he's set …
Soho House goes private in $2.7 billion deal
Soho House is going private in a $2.7 billion deal, just four years after its IPO. The deal, led by industry giant MCR Hotels, follows a series of financial struggles for the private member club operator, which pursued rapid global expansion and helped popularize a new generation of less formal and business-oriented member clubs. But some investors and members worried that growth undermined the exclusivity that Soho House built its brand on. A s…
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