CC Capital Engaged In Talks To Acquire Soho House Members Club Group

CC Capital, led by former Blackstone executive Chinh Chu, is currently engaged in discussions with Soho House regarding a potential acquisition of the members club group. Talks between the parties have been ongoing since late last year, though the outcome remains uncertain.

Summary of transaction details:

• Property Type: Members Club Group
• Transaction Amount: $XXX,XXX,XXX
• Buyer: CC Capital
• Seller: Soho House

Following Soho House's recent announcement of forming an independent special committee to evaluate strategic transactions, including the possibility of going private, executive chairman Ron Burkle clarified his intentions to remain a long-term owner but highlighted concerns over leaked information from the special committee process. Despite reports, Burkle defended Soho House's profitability and value creation, emphasizing its recent financial results showing improved revenue and adjusted EBITDA.