Soho House Goes Private, Ashton Kutcher Joins Board

Cheddar News

Soho House, the upscale private members' club operator, will go private in a $2.7 billion transaction by MCR Hotels, with shareholders receiving $9 per share.

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00:00Soho House, the upscale private members club operator, will go private in a $2.7 billion

00:06transaction led by MCR Hotels, with shareholders receiving $9 per share, an 83% premium over

00:14the pre-offer trading price. Major existing stakeholders are rolling over their controlling

00:19equity and retaining majority ownership, while Apollo Global Management and others provide

00:24hybrid capital financing. Actor and tech investor Ashton Kutcher is set to join Soho House's

00:30board, and hospitality veteran Neil Thompson has been named the new CFO. The privatization

00:36aims to enable strategic, long-term growth and alleviate pressure from public markets.

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