Soho House & Co. is nearing a deal to go private in a transaction led by billionaire Ron Burkle and backed by Apollo Global Management, according to Bloomberg. The deal would value the members’ club operator at around $1.8 billion, with investors paying about $9 per share, compared with Friday’s $7.64 close. Apollo would provide more than $700 million in financing, while MCR Hotels would lead new equity investors. Burkle has pushed to take the company private since last year, following its struggles since going public in 2021. Soho House shares rose as much as 13% in premarket trading on Monday and have climbed more than 30% over the past year.
