Soho House Draws Buyout Offer – at an 80+% Premium
Skift Take
All signs point to the buyout offer being okayed, given that it has support of Soho House's largest shareholder, Ron Burkle, and that it values the company at an 83% premium to its most recent market closing price.
Soho House & Co. received a takeover offer from a consortium of investors, valuing the members-only club operator at $9 a share, according to a company statement Thursday.
The proposal represents an 83% premium to Soho House's closing price on December 18 and has garnered support from Executive Chairman Ron Burkle and his investment firm Yucaipa Companies.
The buyout offer would value the company at nearly $2 billion, below its IPO debut in 2021, when it had a market capitalization of $2.8 billion.
The identity of the third-party consortium wasn't disclosed in the announcement. The deal struct
