US-based MCR Hotels to lead new equity investors in club chain after four years on New York stock exchange
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The private members’ club Soho House is reportedly close to reaching a $1.8bn (£1.3bn) deal to take it private after a tricky four years listed on the New York stock exchange.
New York-based MCR Hotels is poised to lead new equity investors in the chain of clubs as part of a deal that would involve it ditching its stock market listing, the Wall Street Journal first reported.
Soho House was founded in 1995 with a single club in the central London area from which it takes its name. It was founded by the restaurateur Nick Jones, who has a 5% stake, although the biggest investor is the US retail billionaire Ron Burkle, who holds 40% of the company. Richard Caring, the owner of the Ivy restaurant chain, has a 21% stake.
