MCR-Led Investor Group Takes Soho House Private at $2.7B 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. (SHCO) private in a deal that values the global membership platform at $2.7 billion. SHCO executive chairman Ron Burkle and the Yucaipa Companies LLC will retain majority control of the business. 

Funds managed by affiliates of Apollo are supporting the transaction through a hybrid capital solution, by providing additional capital in the form of debt and common equity. Further new equity capital will be provided by a consortium of strategic investors led by Kutcher, who will also join the company’s board of directors following completion of the transaction. 

“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 2022-2024 we delivered consistent, disciplined growth with revenue increasing at an average annual rate of double-digit growth, and adjusted EBITDA growing at over 50% annually during the same period.”

Launched in 1995 at 40 Greek St. in London’s Soho neighborhood, Soho House currently operates 48 Houses across the UK, Europe, the Middle East, the Americas and Asia.

Pictured: Interior of Electric House in London.