Soho House & Co Inc. (NYSE:SHCO) shares jumped Monday after announcing a $2.7 billion deal to go private, offering investors $9.00 per share in cash. The transaction is led by MCR Investors and its Chairman and CEO, Tyler Morse, with financing from Apollo and Goldman Sachs Alternatives.
Major shareholders, including Ron Burkle and Yucaipa Companies, will retain controlling stakes, while investors such as Richard Caring and Nick Jones will roll over most of their shares. Tech investor Ashton Kutcher will join the consortium and take a board seat once the deal closes.
