American owner-operator MCR Hotels, together with a consortium of investors, have entered into binding agreements to acquire all outstanding public shares of the global membership platform Soho House that are not owned by certain significant existing shareholders, taking the company private. Current Soho House chairman Ron Burkle and his company Yucaipa will continue to retain majority control of the business. Soho House founder Nick Jones, UK billionaire Richard Caring and Goldman Sachs Alternatives will also retain the majority of their shares. Hollywood actor Ashton Kutcher is entering as another major new investor and will also join the Soho House board, with MCR founder Tyler Morse becoming deputy chairman. The transaction values Soho House at $2.7 billion, with the shares being purchased for $9 per share in cash, well below the peak share price of $14.21 that was reached a month after the group was listed on the New York Stock exchange on mid 2021. Soho House’s portfolio compris…
