Soho House Closes $2.7B Take-Private Deal

The members-only club returns to private ownership after struggling on public markets.

Published on Feb. 9, 2026

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In a $2.7-billion deal, the struggling members-only club Soho House has closed a merger with EH Parent, an affiliate of West Hollywood private equity firm Yucaipa Cos. Yucaipa and its founder, Soho House Executive Chairman Ron Burkle, will maintain control of the business, while existing shareholders including British billionaire Richard Caring and actor-investor Ashton Kutcher also contributed new equity. The deal comes after the company reported net losses for most of its 30-year history until a brief profit in 2025, and its stock tumbling nearly 60% since going public in 2021.

Why it matters

The take-private deal aims to ease the financial strain and pressures that came from Soho House's lackluster performance on the public markets, where it delisted less than five years after its IPO. The move allows the company to focus on its core mission of serving its over 200,000 members across 46 locations worldwide.

The details

The $2.7 billion deal closed on January 29th, with Yucaipa and Burkle retaining control and existing shareholders including Caring, Soho House founder Nick Jones, and Goldman Sachs Alternatives rolling over the majority of their shares. Actor-investor Ashton Kutcher also contributed new equity and will join the Soho House board. The deal involved restructuring debt and equity commitments after an initial $200 million investment from MCR Hotels fell through in early January, requiring last-minute arrangements to close the transaction.

  • Soho House went public in July 2021.
  • By March 2024, Soho House's stock had tumbled nearly 60% from its debut.
  • In August 2022, MCR Hotels pledged $200 million to buy Soho House shares at $9 each.
  • In early January 2023, MCR told Yucaipa it couldn't meet its equity commitment.
  • The deal closed on January 29, 2023.

The players

Yucaipa Cos.

A West Hollywood private equity firm that will maintain control of Soho House after the take-private deal.

Ron Burkle

The founder and executive chairman of Yucaipa Cos., who has been a longtime fan of Soho House and bought a 60% stake in the company in 2012.

Richard Caring

A British billionaire and hospitality tycoon who is an existing Soho House shareholder.

Nick Jones

The founder of Soho House.

Ashton Kutcher

An actor-turned-investor who contributed new equity capital for the Soho House restructuring and will join the company's board of directors.

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What they’re saying

“MCR's investment in Soho House represents a strategic opportunity to combine our operational expertise with one of the most distinctive brands in hospitality. Together, we are confident in our ability to deliver long-term value for members, employees and shareholders alike.”

— Tyler Morse, Chief Executive, MCR Hotels (August 2022 statement)

“It gives us the freedom to focus on what Soho House has always been about: looking after our members, creating Houses you enjoy spending time in, and continuing to connect members in the world's most inspiring cities.”

— Andrew Carnie, Chief Executive, Soho House (Email to members on January 29, 2023)

What’s next

Soho House's new board, including Ashton Kutcher, will work to chart the company's future strategy as a privately-held entity focused on serving its global membership base.

The takeaway

The Soho House take-private deal represents an opportunity for the company to reset after struggling on the public markets, allowing it to refocus on its core hospitality mission and unique member experience away from the pressures of quarterly reporting and shareholder demands.