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Tulchan Group and The One Nine Three Group are handling the IPO of London’s Membership Collective Group, owner of the Soho House private club network, which plans a listing on the New York Stock Exchange.
Launched in 1995, there are 28 Soho Houses in ten countries. The US Soho Houses are in Manhattan, Brooklyn, Miami, Chicago, Austin and Los Angeles.
Soho House has a global membership of 119K and boasts a 96 percent retention rate. It received more than 30K applications during fiscal 2020.
COVID-19 dealt a major blow to MCG's finances as the company lost $235M during the fiscal year ended January. It reported a $93M net loss during Q1 ended April 4 as revenues fell to $72M from $142M.
The company expects to rebound as widespread COVID-19 vaccinations bolster travel and dining demands.
Tulchan partner Jonathan Sibun, former deputy city editor for The Daily Telegraph, handles media in the UK for the IPO.
Zach Siegel, CEO of The One Nine Three Group, works the US media. He launched that financial/corporate communications shop in Nov. 2019 after a ten-year stint at Teneo.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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