Overview

• The transaction values Soho House at about $2.7 billion including roughly $700 million of debt and will delist the company from the New York Stock Exchange
• MCR Hotels leads the investor consortium financing the deal alongside capital from affiliates of Apollo Global Management and Goldman Sachs Alternatives
• Ashton Kutcher will inject new equity into the business and join Soho House’s board once the transaction closes
• Hospitality veteran Neil Thomson has been named chief financial officer to succeed Thomas Allen under the new private structure
• Third Point’s Daniel Loeb criticized the $9-per-share offer as overly favorable to insiders and raised concerns about conflicts of interest in the sale process