**MCR-Led Investor Group Takes Soho House Private at $2.7 Billion Valuation**
An investor group led by hotel operator MCR, and including actor and technology investor Ashton Kutcher, will take London-based Soho House & Co Inc. private in a deal valuing the company at $2.7 billion. Executive Chairman Ron Burkle and The Yucaipa Companies LLC will retain majority control of the business.
The transaction is being supported by funds managed by affiliates of Apollo through a hybrid capital solution, providing both debt and common equity. Additional new equity capital will be contributed by a consortium of strategic investors led by Kutcher, who is set to join Soho House’s board of directors upon completion of the deal.
“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 in 2021,” said Soho House CEO Andrew Carnie. “Against a backdrop of challenging economic conditions and global uncertainty, from 2022 to 2024 we delivered consistent, disciplined growth with revenue increasing at an average annual rate of double digits, and adjusted EBITDA growing at over 50% annually during the same period.”
Founded in 1995 at 40 Greek Street in London’s Soho neighborhood, Soho House now operates 48 Houses in the UK, Europe, the Middle East, the Americas, and Asia.
*Pictured: Interior of Electric House in London.*
