Soho House close to $1.8bn take-private deal
London members’ club that went global set to be bought out by investors led by New York-based MCR Hotels
London members’ club that went global set to be bought out by investors led by New York-based MCR Hotels

Shares in the New York-listed members’ club sank more than 20% following announcement by MCR Hotels

Chief says members’ club operator will build on ‘momentum’ after $2.7bn take-private deal announced this week

Undeterred by reports of an exodus of the wealthy from the UK, a new breed of institution is opening its doors

The sector’s pitch has worked but the next challenge is persuading investors to stay

Trend puts pressure on brokerages and investment banks

Buyout of With Intelligence marks latest effort to serve clients in booming private capital market