Ashton Kutcher-backed group to buy Soho House for £2bn
A-list actor joins board of Soho House as take-private deal agreed
- Soho House, the London-based private members' club business, is to be taken private by a consortium of investors in a deal valued at approximately US$2.7 billion (£2 billion).
- The consortium leading the takeover includes New York-based hotel giant MCR Hotels and private equity firm Apollo, with shareholders set to receive $9 (£6.64) per share.
- A-list actor and tech investor Ashton Kutcher will invest in Soho House as part of the deal and will join the company's board of directors.
- MCR boss Tyler Morse will also join the board as vice chairman, while a raft of existing shareholders, including Ron Burkle and founder Nick Jones, will retain their stakes.
- Soho House, founded in London in 1995, has expanded globally and currently operates 46 Soho House sites, eight Soho Works, and other hospitality businesses.