Soho House receives offer to acquire the company for $9.00 per share

Earlier this week, the board of directors of Soho House (SHCO) received an offer from a new third-party consortium to acquire the company for $9.00 per share, representing a premium of 83% to the closing price as of Wednesday, December 18. The offer is conditioned on certain significant shareholders, including amongst others the company’s executive chairman, Ron Burkle, and The Yucaipa Companies and its affiliates, rolling over their equity interests in the company as part of the transaction. The offer, which is supported by Ron Burkle and Yucaipa, was the result of a thorough strategic review undertaken by Yucaipa and its financial advisors. As a result of the offer and the fact that it is conditioned on certain significant shareholders rolling over their equity interests in the company, the board of directors has formed an independent special committee of the board to evaluate the offer.