09:23 AM EDT, 08/18/2025 (MT Newswires) -- Soho House ( SHCO ) on Monday agreed to be taken private by an investor group led by hotel operator MCR Hotels and its Chief Executive Tyler Morse in a deal that values the global private membership platform at about $2.7 billion.

The investor group will acquire all shares of the company not held by certain significant stockholders. Soho House's ( SHCO ) shareholders will receive $9 per share in cash, reflecting a premium of 83% to the firm's closing price on Dec. 18, 2024, the last trading day before it announced that it received an acquisition offer from a third-party consortium.

Shares of Soho House ( SHCO ) climbed 16% in the most recent premarket activity.

The deal, which requires approval from regulators and the company's stockholders, is expected to complete by the end of the year. Following completion, Soho House's ( SHCO ) stock will no longer trade on the New York stock exchange.

"This transaction reflects the strong confidence our existing and incoming shareholders have in the future of Soho House ( SHCO ), and the transformation we've led since becoming a public company," Soho House ( SHCO ) CEO Andrew Carnie said in a statement. "Returning to private ownership enables us to build on this momentum, with the support of world class hospitality and investment partners."

Funds managed by affiliates of Apollo Global Management ( APO ) plan to support the deal by providing additional debt, with a portion of the proceeds to be used to refinance Soho House's ( SHCO ) existing senior secured notes, according to the company. A consortium of strategic investors led by Ashton Kutcher will also provide further new capital.

MCR Hotels will become a shareholder of Soho House ( SHCO ), while Morse will join its board of directors as vice chairman under the terms of the transaction. Existing significant investors of the company, including Executive Chairman Ron Burkle, will roll their controlling interest and retain majority control of the business.

"MCR's investment in Soho House ( SHCO ) represents a strategic opportunity to combine our operational expertise with one of the most distinctive brands in hospitality," Morse said. "Together, we are confident in our ability to deliver long-term value for members, employees and shareholders alike."

In a separate statement, Soho House ( SHCO ) said it appointed Neil Thomson as its chief financial officer, effective Monday. Thomson, who most recently served in the same role at Tasty Restaurant Group, will succeed Thomas Allen, who will remain with the company until Aug. 29 to ensure a smooth transition.

Earlier in the month, the company reported fiscal second-quarter earnings of $0.13 per share, compared with a loss of $0.15 the year before. Revenue improved 8.9% year over year to $329.8 million.