We are pleased to announce PDM won Deal of the Year for Soho House at the PDI Annual Awards 2017 in Europe.
The PDM funds first backed Soho House in 2013 and in 2017 provided an additional £375 million to refinance Soho Houses’ existing debt and support its further growth; PDM funds’ largest ever direct lending investment since inception in 2007.
Soho House was founded in London, in 1995, as a private members’ club for those in the film, media and creative industries. The group has gradually expanded to include 18 Houses globally, as well as restaurants, cinemas, spas and bedrooms. With ambitious expansion plans, the company has been opening successful new clubs around the world and applications for memberships have continued to rise.
Thomas Kyriakoudis, Chief investment officer at PDM, commented “We got to know the business well and became increasingly positive about the opportunity for capital to drive growth.”
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