Soho House has completed a £2bn ($2.7bn) take-private transaction, formally ending its four-year stint as a publicly listed company and delisting from the New York Stock Exchange.

The deal sees Soho House merge with its parent entity and affiliated acquisition vehicles, returning the private members’ club to private ownership after first signalling its intention to do so in August 2025. Management has framed the move as a strategic reset, allowing the business to focus more closely on its core membership experience away from the pressures of public markets.

The transaction was not without complications. Earlier this year, MCR Hotels withdrew from a previously agreed $200m funding commitment, briefly placing the deal in doubt. Financing was subsequently restructured through a combination of revised equity commitments and increased debt facilities.

Morse Ventures, owned by Tyler Morse, chairman and chief executive of MCR Investors, stepped in with a $50m equity commitment. MCR Hotels itself also committed an additional $50m, bringing its total contribution to $100m — half of its original pledge.

To complete the funding package, debt providers Apollo Global Management and Goldman Sachs agreed to increase Soho House’s unsecured notes facility from $150m to $220m. Apollo also reduced its equity commitment as part of the revised structure.

Further flexibility was created through amended rollover and support agreements with existing shareholders. Several investors, including prominent hospitality figures, agreed to roll over additional shares instead of cashing out at the deal price of $9 per share, reducing the overall cash required to close the transaction by around $50m.

MCR Hotels agreed to acquire Soho House at $9 per share, a price the company said represented an 83% premium to the share price prior to renewed investor interest in late 2024. The original investor group backing the transaction also included actor Ashton Kutcher.

Founded in London in 1995 by Nick Jones, Soho House has grown into a global network of around 50 clubs aimed at professionals in the creative industries. Its return to private ownership marks a significant moment for the brand as it looks to chart its next phase of growth outside the scrutiny of public markets.