Soho House secures $100m equity financing

Eloise Hanson Eloise Hanson Uploaded 24 June 2020

LinkedIn

US: Led by Ron Burkle, founder of private equity firm Yucaipa Companies, the investment was made at the valuation of $2 billion which was established by a funding round in 2019.

Soho House has begun to reopen its sites as lockdown restrictions are eased, with its UK clubs and hotels looking to resume trading early in July.

The group’s recent equity injection was comprised by new and existing shareholders, according to Sky News. 

The 2019 funding round came with a $100 million investment from Simon Property Group and Raycliff Capital, which amounted to a five per cent stake in the business.

Last year, the company reported a turnover for 2018 of £432.5 million - a rise of 20 per cent. 

Soho House has roughly 110,000 members. Many pay over £1000 in annual membership fees to gain access to its venues, as well as discounted hotel rooms and products under the Cowshed brand.

Further openings are planned in Paris, Rome and Tel Aviv.

LinkedIn

Be in the know.

Subscribe to our newsletter »
Subscribe

Thank you sponsors