Soho House plans to go private again after four years on Wall Street
ByWYATTE GRANTHAM-PHILIPS AP business writer
August 18, 2025, 11: 59 AM
NEW YORK — After a shaky four years on Wall Street, Soho House is ready to go private again.
The luxury members club operator has struck a deal with an investor group led by hotel giant MCR, which will buy its outstanding shares for $9 each in cash. Soho House’s Executive Chairman Ron Burkle and other big shareholders will roll over their stakes and retain control of the business, per a Monday announcement from the company.
The take-private offer implies a total enterprise value of roughly $2.7 billion for Soho House, including debt. The company says it expects to complete the deal by the end of 2025, pending the regulatory greenlight and other closing conditions. If approved, the transaction means Soho House will stop trading on the New York Stock Exchange.
Shares of Soho House climbed more than 15% by mid-morning Monday, following news of Soho House signing the agreement.
Among other big names to join Soho House’s future leadership is actor and now tech investor Ashton Kutcher, who is set to join the company’s board following the deal’s completi