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Goldman funds roll 13.9M Soho House (SHCO) shares in $9 buyout

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Soho House & Co Inc. (SHCO) has completed a going‑private merger at a cash price of $9.00 per Class A share. Under the merger agreement, all Class A common shares beneficially owned by Goldman Sachs–affiliated funds, other than designated rollover shares, were canceled and converted into the right to receive $9.00 in cash per share.

The Goldman Sachs entities agreed in a GS Rollover Letter that 13,859,953 of their 15,526,619 Class A shares would remain outstanding as rollover shares. As a result of the merger, Soho House became a privately held company, and its Class A common stock is being delisted and deregistered under the Exchange Act.

Positive

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Insights

Soho House is taken private at $9.00 per share, with Goldman Sachs funds rolling over a sizable equity stake.

The amendment details how Goldman Sachs–affiliated entities treat their Soho House Class A common stock in the completed merger. Of 15,526,619 shares held by these funds, 13,859,953 are designated as rollover shares that stay invested in the now‑private company.

All other Class A shares held by these reporting persons are converted into cash at $9.00 per share under the merger terms. The filing notes 44,106,860 Class A shares outstanding as of January 30, 2026, with 13,859,953 shares representing 31.4% of that class but about 1.0% of total voting power across both share classes.

The amendment also describes a Voting Agreement entered at the merger closing between the Goldman Sachs entities, the issuer, and certain post‑merger stockholders, covering governance, transfer restrictions, and liquidity rights. Overall, this document mainly formalizes ownership and governance arrangements after the going‑private transaction, with the pricing and merger structure already disclosed previously.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11: For all cover pages of this Amendment No. 3, see Item 5 of this Amendment No. 4 and Exhibit 99.6 hereto. Row 13: All calculations of percent of class on the cover pages of this Amendment No. 4 with respect to the Reporting Persons are based upon 44,106,860 shares of Class A common stock, par value $0.01 per share (the "Class A Common Stock"), of Soho House & Co Inc. (the "Issuer") outstanding as of January 30, 2026, as disclosed by the Issuer to the Reporting Persons. The 13,859,953 shares of Class A Common Stock beneficially owned in the aggregate by the Reporting Persons constitutes approximately 1.0% of the aggregate voting power of the Issuer's Class A Common Stock and Class B Common Stock outstanding. See Exhibit 99.6 hereto.


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


The Goldman Sachs Group, Inc.
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
Goldman Sachs & Co. LLC
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
Broad Street Principal Investments, L.L.C.
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
Goldman Sachs Asset Management, L.P.
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
West Street Strategic Solutions Fund I, L.P.
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
West Street Strategic Solutions Fund I-(C), L.P.
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
WSSS Investments W, LLC
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
WSSS Investments X, LLC
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
WSSS Investments I, LLC
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
WSSS Investments U, LLC
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026
West Street CT Private Credit Partnership, L.P.
Signature:/s/ Jamison Yardley
Name/Title:Jamison Yardley/Attorney-in-fact
Date:02/02/2026

FAQ

What does the Soho House (SHCO) Schedule 13D/A Amendment No. 4 disclose?

The amendment discloses that Soho House & Co Inc. completed a going‑private merger. All Class A shares, except designated rollover shares held by Goldman Sachs–affiliated funds, were converted into $9.00 cash per share, and the company became privately held with plans to delist its stock.

At what price were Soho House (SHCO) Class A shares cashed out in the merger?

The filing states that each Class A common share was converted into $9.00 in cash. This per‑share cash consideration applied to all shares beneficially owned by the reporting persons other than rollover shares, which remained outstanding after the merger as equity in the private company.

How many Soho House (SHCO) shares did Goldman Sachs entities roll over in the merger?

The GS Rollover Letter designates 13,859,953 Class A shares as rollover shares. These shares, out of 15,526,619 owned in total by Goldman Sachs–affiliated entities, were not cashed out at $9.00 but instead remained outstanding in Soho House following the completion of the merger.

What ownership percentage do the Goldman Sachs entities report in Soho House (SHCO) Class A stock?

The reporting persons state that 13,859,953 Class A shares equal 31.4% of that class, based on 44,106,860 Class A shares outstanding as of January 30, 2026. They also note this stake represents approximately 1.0% of aggregate voting power across Class A and Class B shares.

What happens to Soho House (SHCO) stock listing and SEC registration after the merger?

The amendment explains that the issuer will cause the delisting and termination of registration of its Class A common stock under the Exchange Act. After this deregistration, the reporting persons’ Section 13(d) filing obligations will cease for Soho House Class A common stock.

What is the Voting Agreement mentioned for Soho House (SHCO) after the merger?

The filing notes that, at closing, Goldman Sachs entities entered a Voting Agreement with Soho House and certain post‑merger stockholders. This agreement sets out governance arrangements, transfer restrictions, and liquidity rights for their investment in the privately held company going forward.

Soho House & Co Inc

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