Private club operator Soho House is set to be taken private in a $2.7 billion deal led by investors MCR Hotels and Apollo Global Management, according to the company announced on Monday. The deal includes debt refinancing and new equity investments.
Soho House, which operates 46 members’ clubs worldwide, has faced criticism from investors over its business model. Critics argue that as a publicly traded company, Soho House is obligated to pursue growth, but this strategy threatens its exclusive image.
The company’s stock price plummeted 45% since its initial public offering, prompting short-seller Glasshouse Research to label it as having a “broken business model” and poor accounting.
Under the terms of the deal, investors will pay $9 a share for Soho House, 18% higher than the Friday closing price. Existing shareholders, including billionaire Ronald Burkle and founder Nick Jones, will roll their holdings into the new company.
Ashton Kutcher, actor and investor, is also joining Soho House’s board and contributing to the deal. The company aims to expand its global footprint with the support of new hospitality and investment partners.
Source: https://www.nytimes.com/2025/08/18/business/dealbook/soho-house-sale.html