Soho House shares rise 12.12% intraday after securing funding for $1.8bn take-private deal led by MCR Hotels and Morse Ventures.

Soho House surged 12.12% intraday after confirming it secured alternative financing to proceed with its $1.8 billion take-private deal. The company addressed a $200 million funding gap by securing $50 million equity commitments from Morse Ventures and MCR Hotels, increasing its unsecured notes facility to $220 million with Apollo and Goldman Sachs, and amending shareholder agreements to reduce capital requirements. This resolved prior uncertainty after MCR Hotels’ withdrawal of $100 million in funding had triggered a nearly 10% stock drop earlier in January. The revised structure, including reduced equity commitments and shareholder rollover agreements, solidified the deal’s viability, restoring investor confidence in the transaction’s completion by late January. The resolution of the funding shortfall directly underpinned the sharp intraday rebound.