Soho House, the global private members’ club brand renowned for cultivating creative communities in stylish spaces worldwide, is set to return to private ownership in a landmark $2.7 billion deal. The acquisition—led by New York–based MCR Hotels,

Ashton Kutcher will join the board of the company, an operator of private clubs, which has faced criticism from investors over its business model.

The private members' club chain is returning to private ownership after four years on the New York Stock Exchange.