SoHo House, a high-end members’ club operator, has agreed to go private in a $2.7 billion deal led by New York-based MCR Hotels. The move comes after a turbulent market run and financial struggles for the company since its initial public offering in 2021.
Under the new deal, shareholders will receive $9 per share, a 17.8% premium to Friday’s closing price. Actor Ashton Kutcher will join SoHo’s board, while hospitality veteran Neil Thomson has been named chief financial officer.
The company was founded by restaurateur Nick Jones in 1995 and has since expanded across Europe, North America, and Asia. Despite growth in membership and revenue, SoHo struggled to turn a profit and formed a special board committee to explore taking the company private just over three years ago.
Founders Nick Jones and Executive Chairman Ron Burkle’s investment firm Yucaipa will retain majority control of the business under the new deal. Billionaire investor Daniel Loeb had previously urged for a “fair” sales process, criticizing the $9-a-share offer as a “sweetheart” deal due to potential conflicts of interest.
Key points:
* SoHo House goes private in $2.7 billion deal
* Shareholders receive $9 per share, 17.8% premium
* Ashton Kutcher joins SoHo’s board
* Neil Thomson named chief financial officer
* Founders retain majority control
Source: https://edition.cnn.com/2025/08/18/business/soho-house-private-share-price-intl