Burkle Bags Stake In Soho House For Reported $383M

Law360, New York (January 13, 2012, 5:36 PM EST) -- Private equity investor Ronald W. Burkle has bought a majority stake of the United Kingdom-based Soho House Group in a multimillion-dollar deal that will help finance the luxury hospitality company's ambitious global growth plans, Soho House announced Friday.

The billionaire London resident acquired the stake through his California-based investment company, Yucaipa Cos. LLC., and has been named Soho House's new chairman as a result.

Soho House said the deal will provide future capital for an international expansion of its high-end chain of private members clubs, restaurants...
To view the full article, register now.