Aug 18, 2025 - Business
Soho House to be acquired for $2.7 billion
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MCR Group on Monday said that it will help take Soho House private for $2.7 billion, or $9 per share.
Why it matters: This pairs one of America's largest hotel operators with one of its largest members' club operators.
Zoom in: Ron Burkle's Yucaipa Cos. will roll over its control stake into the deal, while Apollo will provide around $700 million in equity and debt.
- Ashton Kutcher also is involved and will take a board seat. Existing backer Goldman Sachs Alternatives will roll over most of its shares.
- Among the sellers would be Dan Loeb's Third Point, which in January objected to a different deal involving Burkle, calling it a "sweetheart" transaction and pushing for outside bids.
Go deeper, via the WSJ: "The business has at times struggled with the balancing act of growing faster while keeping its exclusivity ... Company executives have said that they can boost growth by expanding locations, rather than ramping up the number of members at existing clubs."
