Archive · 18 Aug 2025
Soho House to Go Private in $2.7 Billion Deal
Soho House, a fancy club for creative people, is being bought and will no longer be a public company.
The company, which has locations around the world, has struggled to make money despite having more members and revenue.
Investors will get a good price for their shares, and Ashton Kutcher will join the team.
The founders and current executive chairman will still be in charge.
One investor thinks the deal might be too good for the current leaders.
Soho House, a high-end members club, is going private in a $2.7 billion deal led by MCR Hotels.
Shareholders will receive $9 per share, a 17.8% premium, with shares rising 16% in premarket trading.
Ashton Kutcher will join the board, and Neil Thomson is named CFO, effective immediately.
Founder Nick Jones and Executive Chairman Ron Burkle will retain majority control after the deal.
Daniel Loeb of Third Point called the $9-a-share offer a 'sweetheart' deal.
- Who
- Led by MCR Hotels, with Ashton Kutcher joining the board and Neil Thomson as CFO.
- What
- Soho House is going private in a $2.7 billion deal.
- When
- Announced on Monday, after market run.
- Where
- The company operates across Europe, North America and Asia, founded in London.
- Why
- The high-end club struggled to turn a profit despite growth in membership and revenue.
Investor Concerns
Company Structure
Deal Fairness
Investor Concerns
Daniel Loeb of Third Point believes the offer is a 'sweetheart' deal.
Company Structure
Soho House is going private with the backing of existing leaders.
- Deal Value
- $2.7 billion
- Share Price
- $9 per share
- Premium
- 17.8%
- New CFO
- Neil Thomson
- New Board Member
- Ashton Kutcher
- Founder
- Nick Jones