Soho House shares surge 12.71% after-hours after securing $200M funding to finalize take-private deal.

Soho House & Co surged 12.71% in after-hours trading after announcing it secured $200 million in alternative financing to proceed with its planned privatization. The funding, including $50 million in equity from Morse Ventures, $100 million from MCR Hotels, and expanded debt facilities with Apollo Capital and Goldman Sachs, resolved uncertainties around the $2 billion take-private deal. This development, detailed in a regulatory filing, confirmed the transaction’s viability and set a late January closing target, bolstering investor confidence. The move followed MCR Hotels’ earlier withdrawal of $200 million in funding, which had threatened the deal’s timeline. The resolution of financing gaps and shareholder rollover agreements, including from founder Nick Jones, underscored the company’s commitment to the privatization at $9 per share, a 83% premium to pre-deal prices.