Sidley represented Soho House & Co Inc. in its definitive agreements pursuant to which an investor group led by MCR, and its chairman and CEO Tyler Morse will acquire the outstanding shares of Soho House not held by certain significant shareholders. SHCO Executive Chairman Ron Burkle and the Yucaipa Companies LLC will roll their controlling equity interests in the Company and retain majority control of the business. Holders of common stock of the Company will receive US$9.00 per share in cash, a premium of approximately 83% over the closing stock price as of December 18, 2024, the last trading day prior to Soho House’s announcement of receipt of the offer. The offer implies a total enterprise value of approximately US$2.7 billion for SHCO.
Headquartered in London, England, Soho House & Co Inc. is a global membership platform of physical and digital spaces that connects a vibrant, diverse, and global group of members.
The deal team was led by Sam Gandhi (Capital Markets), John Butler, Ayo Badejo (both M&A and Private Equity), and Ben Wright (Global Finance).
