Third Point has ‘grave concerns’ about Soho House deal process, plans talks

In a regulatory filing, Third Point disclosed a 9.89% stake in Soho House (SHCO) and stated that the firm supports the company’s decision to explore a take-private transaction, but “have grave concerns about the process that was undertaken which resulted in a proposed transaction with the Chairman of the Board of Directors.” On January 29, the firm sent a letter to the board expressing these concerns and Third Point intends to “engage in a dialogue with members of the Board and management of the Issuer or other representatives of the Issuer, regarding a variety of matters,” the filing added.