The private members' club chain is returning to private ownership after four years on the New York Stock Exchange.

The take-private offer implies a total enterprise value of roughly $2.7 billion for Soho House, including debt.

Since going public in 2021, Soho House – an upscale private members’ club frequented by A-listers, musicians, artists and other celebrity-adjacent individuals – has experienced a sharp decline in share value. The company has struggled to turn a profit despite growth in membership and revenue, according to Reuters.