Luxury members club operator Soho House is set to go private again after a deal with an investor group led by MCR for $9 per share. The transaction implies a total enterprise value of about $2.7 billion, including debt. Shares surged 15% following the announcement. Actor Ashton Kutcher and MCR CEO Tyler Morse will join the company’s leadership.

MCR expresses admiration for Soho House, stating the investment will combine operational expertise with a distinctive hospitality brand. Soho House CEO Andrew Carnie sees private ownership as a way to continue the club’s growth momentum. The company, founded in 1995, has expanded to 46 locations globally, offering luxury amenities in a creative space.

Soho House, with over 270,000 members, reported a revenue increase of 8.9% year-over-year, totaling $329.8 million in the second fiscal quarter. Despite recent growth, the company’s stock has fallen approximately 30% since its 2021 IPO, trading under $9 per share on Monday. The move to private ownership aims to capitalize on the company’s success and momentum.

Read more at Yahoo Finance: Soho House agrees to go private again in a deal led by hotel giant MCR