Soho House has agreed a $2.7bn (£2bn) deal to be taken private, ending a turbulent four-year stint on the New York Stock Exchange. The private members' club chain will be acquired by a group led by New York-based MCR Hotels, with the company delisting from the stock market.
Ashton Kutcher, the actor turned start-up investor and a long-standing member, will join Soho House’s board of directors as part of the deal. MCR chief executive Tyler Morse will become vice-chairman of the company.
The transaction will see existing major shareholders retain their stakes, including founder Nick Jones (5%), US retail billionaire Ron Burkle (40%), Richard Caring of the Ivy restaurant chain (21%), and Goldman Sachs. Soho House was founded in 1995 with a single club in central London.
