Soho House & Co Inc., the global private members’ club operator, has agreed to a definitive take-private transaction valued at approximately $2.7 billion. The deal will see investors led by MCR acquire outstanding shares not already held by key stakeholders, while longtime backers Ron Burkle and Yucaipa will maintain majority control by rolling their existing equity.
Under the terms of the agreement, shareholders will receive $9.00 per share in cash—an 83% premium to Soho House’s unaffected stock price in December 2024. Once completed, the company’s shares will be delisted from the New York Stock Exchange, marking a return to private ownership just four years after its 2021 IPO.
MCR, one of the largest hotel owner-operators in the U.S., is set to become a significant shareholder, bringing with it a portfolio of high-profile properties including the TWA Hotel at JFK, The High Line Hotel, and the Gramercy Park Hotel. MCR’s Chairman and CEO, Tyler Morse, will join Soho House’s board as Vice Chairman, signaling the group’s intent to expand its hospitality expertise across the brand.
Financial backing comes from Apollo Funds, which structured a hybrid capital solution combining debt and equity to refinance Soho House’s existing senior notes while injecting new liquidity. Goldman Sachs Alternatives, an investor since 2021, will continue its support with additional capital commitments.
The transaction will also introduce fresh strategic partners, including actor and tech investor Ashton Kutcher, who will join the board following completion. Other significant shareholders—such as Richard Caring, Soho House founder Nick Jones, and Goldman Sachs Alternatives—are retaining the majority of their equity positions, further reinforcing long-term confidence in the business.
Soho House has expanded its network of private members’ clubs to 46 locations worldwide, with recent openings in São Paulo, Mexico City, Nashville, and Paris. From 2022 through 2024, the company achieved consistent double-digit revenue growth alongside a more than 50% average annual increase in adjusted EBITDA, despite a challenging global economy.
The shift back to private ownership is expected to give the company greater flexibility to pursue its long-term strategy. Executives believe the move will allow Soho House to focus on enhancing the member experience, scaling operational systems, and expanding its global footprint without the quarterly scrutiny of public markets.
With four new Houses slated to open in the near future, the company’s leadership and new investor group see significant opportunity to deepen Soho House’s cultural influence while driving sustainable profitability. The combination of MCR’s hospitality expertise, Apollo’s capital resources, and Goldman Sachs Alternatives’ continued backing is expected to position the brand for accelerated international growth.
The deal is expected to close by the end of 2025, pending shareholder and regulatory approvals. Once finalized, Soho House will continue its mission of connecting a diverse global community of creatives, entrepreneurs, and cultural leaders within its expanding network of clubs and lifestyle businesses.
