Soho House & Co Inc. $(SHCO)$ has announced a definitive agreement for a take-private transaction led by investor group MCR and its Chairman and CEO Tyler Morse. The deal involves acquiring the outstanding shares of Soho House not held by significant shareholders. Under the terms, MCR will become a shareholder, and Morse will join the Board of Directors as Vice Chairman. The transaction, valued at approximately $2.7 billion, will see common stockholders receiving $9.00 per share in cash, marking a premium of about 83% over the closing stock price on December 18, 2024. SHCO Executive Chairman Ron Burkle and Yucaipa Companies LLC will retain majority control. The Board's Special Committee, after a detailed review, unanimously recommended the transaction, highlighting the immediate value it provides to stockholders.
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