Gibson Dunn Advised Apollo on Financing of $2.7 Billion Take-Private of Soho House

Gibson Dunn Advised Apollo on Financing of $2.7 Billion Take-Private of Soho House

Gibson Dunn advised Apollo Capital Management, L.P. and Apollo Global Securities, LLC (collectively, Apollo) in connection with the financing for the take-private of Soho House & Co Inc. (Soho House), an international private members’ club. Funds managed by affiliates of Apollo provided capital in the form of a $695 million senior secured OpCo notes facility, a $220 million senior HoldCo notes facility (a portion of which was provided by another investor), and a common equity investment, the proceeds of which were used to refinance certain of Soho House’s existing indebtedness and also fund, in part, the take-private transaction. The take-private transaction has an implied $2.7 billion enterprise value.

The Gibson Dunn corporate team was led by Michael Saliba (Partner/ Head, Hybrid Capital) and included James Sullivan (Associate), Lily Paulson Stephens (Associate), Melody Karmana (Associate) and Storey Wanglee (Associate). Jennifer Sabin (Partner), Sandy Bhogal (Partner) and James Chandler (Partner) advised on tax aspects of the transactions. David Irvine (Partner) and Charles Kim (Associate), Yinn Lim (Associate), and Olwethuthando Ndlovu (Associate) advised on U.K. law matters. Sebastian Schoon (Partner), Daniel Rogits (Of Counsel) and Laura Kylmänen (Associate) advised on German law matters.

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