MCR Hotels is leading a group of investors to take Soho House (SHCO) private for around $9 per share or $1.8B, Craig Karmin and Ben Glickman of Wall Street Journal report, citing people familiar with the matter. Soho House’s controlling shareholder, Ron Burkle, is expected to roll over his stake along with several other existing shareholders, sources tell the paper. Apollo Global (APO) is expected to provide more than $700M in equity and debt financing, the people told the Journal. Soho House closed Friday down 2% to $7.64.
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