The Soho House has been bought in a $2.7 billion deal. Ashton Kutcher is one of the investors in the deal and is joining the company’s board
16:47 ET, 18 Aug 2025Updated 16:50 ET, 18 Aug 2025
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Ashton Kutcher is an investor in Soho House
The Soho House chain has been bought for $2.7 billion by an investor group that included actor and tech investor Ashton Kutcher.
The membership-based club company’s $2.7 billion deal was led by MCR Hotels, which is the third-biggest US hotel group. The prestigious properties within MCR Hotels include the TWA Hotel at JFK Airport, The High Line Hotel and the Gramercy Park Hotel in New York City, the BT Tower in London.
Through the deal, the Soho House will return to private ownership. The lavish club was previously known for being private and exclusive. Megan Markle and Prince Harry had their second date at the London location. The Soho House announced the deal on Monday, August 18, which will see shareholders receive $9 dollars in cash. The share offer is nearly 18 percent higher on Friday’s closing price but below the $14 per share New York Stock Exchange in July 2021.
Ashton is leading the consortium of strategic investors who will be providing new equity capital and will be joining the Company’s Board of Directors following the deal. Tyler Morse, the CEO of MCR will also be joining the Company’s Board of Directors as Vice Chairman.
The first Soho House was above founder Nick Jones’ restaurant Cafe Boheme
In the deal’s announcement, Tyler said in part, “We have long admired Soho House for bringing together cultures from around the world into a global network of 46 Houses, and we look forward to the continued growth of that fabric, starting with four new Houses opening soon.”
While Andrew Carnie, Soho House’s chief executive, had said in part, “This transaction reflects the strong confidence our existing and incoming shareholders have in the future of Soho House & Co., and the transformation we’ve led since becoming a public company. Since our IPO in 2021, we’ve focused on building a stronger, more resilient business.”
Existing shareholders like Soho House’s founder Nick Jones, billionaire businessman Richard Caring, and Goldman Sachs Alternatives will roll the majority of their shares into the company. Goldman Sachs Alternatives is set to commit to adding capital.
In Soho House’s announcement of the deal, they said that funds managed by affiliates Apollo Global Management are backing the deal through hybrid capital financing. According to The Wall Street Journal, Apollo will be providing over $700 million in equity and debt financing.
Meghan and Prince Harry had their second date at London’s Soho House(Image: Anadolu via Getty Images)
Soho House was started by restaurateur Nick Jones in 1995. He opened the first one above his restaurant, Cafe Boheme, on London’s Greek Street. The name came to be because the club was located in a Georgian house in Soho. Nick sold 80% of the international private members’ to Richard Caring in 2008 for $141 million. Nick stepped down as CEO in 2022 and Andrew assumed the role after him.
Soho House has 46 globally in location in Europe, North America and Asia and other hospitality businesses. As of June 29, the company has over 270,000.
The company went public in July 2021, following filing for an initial public offering (IPO). During the time the company was public, it reportedly did not turn a profit, and the Guardian reported in March 2024 that the company’s pre-tax losses this year were expected to be about $73 million.
Although, Soho House’s CEO Andrew said in the deal announcement that from 2022-2024, they “delivered consistent, disciplined growth with revenue increasing at an average annual rate of double digit growth, and Adjusted EBITDA growing at over 50% annually during the same period.”
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