Soho House to go private in $2.7-billion deal, actor Ashton Kutcher to join board

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Reuters report: private equity deal will take Soho House private for $2.7B; Ashton Kutcher to join the company's board.

Soho House to go private in $2.7-billion deal, actor Ashton Kutcher to join board

Item 2 of 2 Actor Ashton Kutcher, General Partner at Sound Ventures, attends the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake/File Photo[2/2]Actor Ashton Kutcher, General Partner at Sound Ventures, attends the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tabSummaryCompaniesShareholders to receive $9 per share, 17.8% premium to Friday's closeAshton Kutcher joins board, Neil Thomson named CFOSoho House went public in 2021Aug 18 (Reuters) - Soho House (SHCO.N), opens new tab is going private in a $2.7-billion deal led by New York-based MCR Hotels, capping a turbulent market run and financial struggles that erased nearly half of the high-end members club operator's value since its 2021 debut.Its shareholders will get $9 per share, a 17.8% premium to the last closing price. Soho shares shot up more than 15% after the announcement and were changing hands for around $8.80 in early afternoon trading.The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.Actor and tech investor Ashton Kutcher will also join Soho's board following the deal, and hospitality veteran Neil Thomson will succeed Thomas Allen as chief financial officer immediately."However, Soho House will need a bit more than celebrity stardust to cement its long-term future," said Susannah Streeter, head of money and markets at Hargreaves Lansdown."Its rapid expansion in recent years has sparked concerns that its 'exclusive' label was wearing thin", while the wider consumer spending pullback in the hospitality industry has added pressure as Soho relies on in-house purchases such as meals and entertainment, Streeter said.Soho was started by restaurateur Nick Jones in 1995 on London's Greek Street above his restaurant, Cafe Boheme, as a meeting place for creative people. The club now has operations a

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