Soho House, the global network of private members clubs, is bought by a group led by MCR hotels – evaluating the company at 2.7 billion dollars (1.99 billion pounds sterling).
The agreement will bring the hotel group based in London private property, which means that it will no longer be listed on the New York Stock Exchange.
The actor who has become investor Ashton Kutcher will run a consortium providing new funding to the company – and will join the board of directors of Soho House after the transaction is completed.
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Ashton Kutcher. Pic: AP
MCR is the third largest hotel owner in the United States and owner of the Tower BT in London.
But current shareholders – the billionaire executive president Ron Burkle and his investment capital company Yucaipa – will retain their majority of control control, as well as the founder Nick Jones.
Investment capital companies acquire companies, invest in improving financial performance and seek to sell them to profits.
The company’s ordinary shares will receive $ 9 in cash per share, well above the closing price on Friday afternoon.
Soho House’s share price increased by 16% in pre-commercialization to $ 8.86.
It was founded in London in 1995 by Mr. Jones, a restaurateur, as a meeting place for the creatives.
The club has developed operations in Europe, North America and Asia and is known for its elegant elements and exclusivity.
Despite become public in 2021 The company appointed a committee to explore the taking of private enterprise when it was fighting to make a profit.
An offer was received in December.