All articles tagged with #take private
Soho House is going private in a $2.7 billion deal led by MCR Hotels, with Ashton Kutcher joining the board and Neil Thomson appointed as CFO. The deal allows existing major shareholders, including founder Nick Jones and Ron Burkle's Yucaipa, to retain control, following Soho's struggles to turn a profit after going public in 2021.
Soho House is close to a $1.8 billion take-private deal led by MCR Hotels, aiming to buy out public shareholders and take the company private, amid past struggles and activist pressure, with a potential announcement soon.
Toyota Motor's subsidiary Toyota Industries has proposed a ¥4.7tn ($33bn) take-private deal, involving a complex restructuring to reduce cross-shareholdings and improve corporate governance, with key investments from Toyota Motor, Toyota Fudosan, and Akio Toyoda, aiming to streamline ownership and deepen group collaboration.
Arkhouse has secured financing to take Macy's private at a bid of $5.8 billion, but has faced obstacles due to the department store retailer's lack of cooperation on due diligence. Managing partner Gavriel Kahane stated that the next steps depend on Macy's management response, as Arkhouse is prepared to take all necessary steps, including going directly to shareholders. Despite a rejected bid and refusal to enter a non-disclosure agreement, Arkhouse remains open to raising its offer if Macy's management allows diligence to begin.