Soho House & Co. is going private in a $2.7 billion deal, with shareholders set to receive $9 per share, sparking a 16% jump in premarket trading. The deal involves hotelier MCR, actor Ashton Kutcher, and strategic investors like Apollo Global Management and Goldman Sachs Alternatives.

MCR, led by CEO Tyler Morse, will acquire outstanding shares of Soho House, with billionaire Ron Burkle and Yucaipa Companies maintaining majority control. Kutcher will join the board post-deal, with MCR’s assets including iconic properties like the TWA Hotel in NYC.

The offer of $9 per share is a significant premium over Soho House’s recent closing price but lower than its IPO price in 2021. Kutcher and strategic investors are injecting fresh capital, with MCR’s hotel portfolio adding value to the private members club landscape.

Read more at Yahoo Finance: Soho House Stock Soars on $2.7B Take-Private Deal Involving Ashton Kutcher