Soho House & Co. agreed to be taken private by an investor group led by New York-based hotel operator MCR in a transaction valuing the members-club operator at about $2.7 billion, the companies said on Monday. Shareholders will receive $9 in cash for each share, a 17.8% premium to the previous trading day’s close, and the stock jumped more than 15% on the announcement. Under the terms, MCR Chief Executive Tyler Morse and actor-turned-tech investor Ashton Kutcher will join the board, while hospitality veteran Neil Thomson immediately succeeds Thomas Allen as chief financial officer. Founder Nick Jones and Executive Chairman Ron Burkle’s Yucaipa Companies will roll over their stakes and keep majority control. Hedge-fund manager Dan Loeb’s Third Point, which holds nearly 10% of the stock and had pressed for a higher price, said it supports the agreement. The buyout is financed with roughly $850 million in hybrid debt-and-equity funding from Apollo Global Management. Soho House went public in New York in 2021 at $14 a share but has struggled to turn a profit amid rapid expansion and softer consumer spending, losing nearly half its market value before the talks began. Returning to private ownership is expected to give the 46-club network greater flexibility to streamline operations and pursue long-term growth.