Soho House Agrees to Be Taken Private in $2.7 Billion Deal

A group of investors agreed to take Soho House & Co. private in a deal that gives the members’ club an enterprise value of about $2.7 billion.

Hotel owner MCR and its chairman and chief executive, Tyler Morse, will buy the outstanding shares not held by certain shareholders for about $9 each in cash, Soho House said Monday. That’s a premium of about 83% over the closing stock price of Dec. 18, the last trading day before Soho House first said it had received an offer.

Morse will join the board but billionaire Ron Burkle, Soho’s executive ...