Soho House members' club nearing a deal to go private, WSJ reports
Soho House shareholders will receive $9 per share - a 17.8% premium to the closing price of $7.64 on Friday. The company is currently valued at $1.49 billion.
The deal value is based on the company's more than 195 million outstanding shares.
Billionaire Ron Burkle, who is a controlling shareholder, is expected to roll over his stake, along with several other shareholders, the Journal said.
Apollo Global Management is expected to provide more than $700 million in equity and debt financing for the deal, WSJ said.
Soho House, MCR Hotels and Apollo did not immediately respond to Reuters' request for comments outside business hours.
Daniel Loeb, who runs hedge fund Third Point, in January urged SoHo House directors to run a "fair" sales process and consider other potential bidders after the hospitality group received a take-private offer late last year.
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