Kessler Topaz is investigating claims on behalf of current shareholders of Soho House & Co Inc. (NYSE: SHCO) ("Soho House") related to its recently announced take-private deal.
The take-private deal proposes that Soho House will be acquired by an investor group led by MCR and its Chairman and CEO Tyler Morse and they will acquire all outstanding shares of the company held by the minority shareholders for $9.00 per share. The current controlling group (consisting of the company’s Executive Chairman Ron Burkle and the Yucaipa Companies LLC) will roll their Soho House equity interests into the company and will retain majority control of the business. Several other significant shareholders, including Richard Caring and the company’s founder Nick Jones, will also participate in the rollover. In addition, Soho House has entered into new compensation and employment-related arrangements with several top Executive Officers, including the company’s CEO Andrew Carnie, whose base salary will increase from £1.85 million to £2 million.
Our investigation is focused on whether Soho House minority shareholders are receiving adequate consideration for their shares in the take-private deal and whether the price was the result of a fair process.
Contact us today if you are a current Soho House & Co Inc. (NYSE: SHCO) shareholder. You can fill out our online form below, call us at 484-270-1453 or email us at info@ktmc.com.