Forsters advises Soho House on Yucaipa investment
Forsters Corporate and Property teams have been advising Soho House on the sale of a majority stake to Yucaipa, the west coast private equity firm founded by Ron Burkle.
Founder Nick Jones remains Chief Executive and Ron Burkle becomes Chairman.
Olswang, led by partner Paul Blackmore, advised Richard Caring , and Soho House on the financing, Withers Bergman LLP, led by partner Phil di Gennaro, advised the sellers on US legal issues, and Latham & Watkins, led by partner, Rod Brown, advised the purchaser.
About Soho House
Soho House was founded in London, in 1995, as a private members’ club for those in the film, media and creative industries. The Group has gradually expanded domestically and internationally to include the original Soho House, Babington House in Somerset, Electric House, High Road House, Shoreditch House, Soho House Berlin, Soho House New York, Soho House West Hollywood and Soho Beach House Miami (Babington, High Road, Shoreditch, Berlin, New York and Miami also host hotel rooms). The portfolio includes 11 public restaurants to date; Café Boheme, Boheme Kitchen Bar, Electric Brasserie, High Road Brasserie, Hoxton Grill, Cecconi’s Mayfair, Cecconi’s West Hollywood, Cecconi’s Miami, Pizza East Shoreditch and Pizza East Portobello. In 2009, the Group launched its first standalone hotel, Dean Street Townhouse, comprising 39 bedrooms and restaurant. Soho House has also developed the Cowshed spa and salon along with a line of Cowshed-branded hair and body products.