Core Insights - Ashton Kutcher is leading a consortium in a $2.7 billion deal to take Soho House private, with Kutcher joining the board [1][4] - Shareholders will receive $9 per share, an 83% premium over the pre-offer price of $4.91, although lower than the IPO price of $14 [4][9] - The deal has surprised Wall Street, as there had been no updates for over six months prior to the announcement [6][8] Company Overview - Soho House is a high-end membership club offering exclusive access to vacation properties, spas, and coworking spaces [4] - The consortium includes MCR, the third-largest owner-operator of hotels in the U.S., which has been expanding into higher-end properties [4][5] Financial Details - The share price jumped 47% following the initial offer announcement, reflecting strong market interest [7] - Current trading at approximately $8.80 indicates limited upside for new investors, as it is only 2% below the offer price [9][10] Strategic Implications - The new board members, including MCR's CEO, may influence Soho House's strategic direction post-privatization [5] - Existing shareholders may consider selling their shares now rather than waiting for the deal to close for minimal arbitrage gains [10] Market Context - Investors who missed the opportunity with Soho House may look into other undervalued online property platforms like Airbnb or Marriott Vacations Worldwide, both down over 40% from their five-year highs [11]