MCR Investors

Canaccord Genuity Advises MCR Investors on its Significant Equity Investment in Conjunction with the Pending Take-Private of Soho House for $2.7 Billion

Canaccord Genuity has advised MCR Investors on its signifcant equity investment in Soho House & Co Inc., which is concurrent with the pending take-private of the company by a group of investors for approximately $2.7 billion including debt. Soho's shareholders will receive $9 per share, a 17.8% premium to the stock's closing price of $7.64 on Friday.

The investor group led by MCR and its chairman and CEO Tyler Morse will acquire the outstanding shares of Soho House not held by certain significant shareholders. Soho House executive chairman Ron Burkle and the Yucaipa Companies LLC will roll their controlling equity interests in the company and retain majority control of the business.

Soho House & Co is a global membership platform of physical and digital spaces that connects a vibrant, diverse, and global group of members. These members use Soho House to work, socialize, connect, create, and flourish all over the world. The company opened the first Soho House in 1995 and remains the only company to have scaled a private membership network with a global presence. Members around the world engage with Soho House through its global collection, as of June 29, 2025, of 46 Soho Houses, eight Soho Works, Scorpios Beach Clubs in Mykonos and Bodrum, Soho Home – its interiors and lifestyle retail brand – and its digital channels. The Ned in London, New York, and Doha, The LINE, and Saguaro hotels in North America also form part of Soho House & Co's wider portfolio.

MCR is the third largest hotel owner-operator in the United States. Founded in 2006, the firm, which has offices in New York City, London, Dallas, Chicago, and Richmond, Virginia, has a $5.0 billion portfolio of 150 premium-branded hotels operated under 31 brands. Today, MCR offers more than 25,000 guestrooms in 37 states and 107 cities. Its iconic hotels include the TWA Hotel at JFK Airport, The High Line Hotel in New York City, and the Sheraton New York Times Square. MCR is also developing the Gramercy Park Hotel in New York City and the BT Tower in London. MCR was named one of Fast Company’s 10 Most Innovative Travel Companies – and was ranked by Newsweek as one of America’s Greatest Workplaces and America’s Greatest Workplaces for Women in 2025. MCR’s hotels are frequently featured in Travel + Leisure’s World’s Best Hotels and Condé Nast Traveler’s Readers’ Choice Awards. Consistently recognized for excellence in service and operations, MCR is the proud, three-time recipient of the Marriott Partnership Circle Award, the highest honor Marriott presents to its owner and franchise partners, and the Hilton Legacy Award for Top Performer. For the TWA Hotel, MCR won the Development of the Year (Full Service) Award at The Americas Lodging Investment Summit (ALIS), the Urban Land Institute New York Excellence in Hotel Development Award, and the American Institute of Architects national Architecture Award, the highest honor given by the AIA.