A group of investors including Hollywood actor Ashton Kutcher who was married to Demi Moore is to buy Soho House for £2 billion.
The private members club is based in London and is listed on the New York Stock Exchange, who have confirmed that shareholders in Soho House &Co will walk away with £6.64 per share.
Leading the consortium is New York based hotel giant MCR Hotels and Apollo who are a private equity company.
Andrew Carnie, chief executive of Soho House & Co, said, “This transaction reflects the strong confidence our existing and incoming shareholders have in the future of Soho House & Co, and the transformation we’ve led since becoming a public company.
“Since our IPO (initial public offering) in 2021, we’ve focused on building a stronger, more resilient business.
“I’m incredibly proud of what our teams have accomplished and am excited about our future, as we continue to be guided by our members and grounded in the spirit that makes Soho House so special.”
MCR boss Tyler Morse said, “All of us at MCR are excited to be part of the Soho House journey, helping to create more experiences, interactions and memories alongside friends and members.
“We have long admired Soho House for bringing together cultures from around the world into a global network of 46 houses, and we look forward to the continued growth of that fabric, starting with four new houses opening soon.”
Get real time update about this post category directly on your device, subscribe now.
