Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
Herbert Smith Freehills Kramer is advising British business mogul Richard Caring in rolling the majority of his shares of Soho House & Co Inc. (SHCO)’s common stock...
United States
Herbert Smith Freehills Kramer is advising British business
mogul Richard Caring in rolling the majority of his shares of Soho
House & Co Inc. (SHCO)’s common stock, after the company
announced this morning that it has entered into a definitive
take-private agreement.
Under the terms of the agreement, an investor group led by MCR
and its chairman, along with CEO Tyler Morse, will acquire any and
all outstanding shares of Soho House not currently held by certain
significant shareholders. MCR will thereby become a shareholder of
SHCO and Tyler Morse will become vice chairman of the
company’s Board of Directors.
Common stock shareholders, including Mr. Caring, will receive
$9.00 per share in cash, marking an 83% premium over SHCO's
December 18, 2024, closing stock price and implying an enterprise
value of approximately $2.7 billion for SHCO.
The HSF Kramer team advising Mr. Caring consists of corporate
partners Arlene J. Ortiz-Leytte, Todd E. Lenson and Daniel F.
Zimmerman and special counsel Jeffrey H Taub; and tax partner
Abraham (Avi) Reshtick.
Contributor
Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
