Sec Form 13D Filing - GOLDMAN SACHS GROUP INC (GS) filing for - 2025-08-19

Item 2 of Schedule 13D is hereby supplemented as follows: The information set forth in Item 2(a) of this Amendment No. 2 is hereby incorporated herein by reference.

Item 2 of Schedule 13D is hereby supplemented as follows: The information set forth in Item 2(a) of this Amendment No. 2 is hereby incorporated herein by reference.

Item 2 of Schedule 13D is hereby supplemented as follows: The information set forth in Item 2(a) of this Amendment No. 2 is hereby incorporated herein by reference.

Item 2 of Schedule 13D is hereby supplemented as follows: The information set forth in Item 2(a) of this Amendment No. 2 is hereby incorporated herein by reference.

Item 2 of Schedule 13D is hereby supplemented as follows: The information set forth in Item 2(a) of this Amendment No. 2 is hereby incorporated herein by reference.

Item 3 of Schedule 13D is hereby supplemented as follows: The response to this Item 3 for the transactions disclosed on Schedule IV in Exhibit 99.5 hereto is set forth therein. None of the persons listed on Schedules I, II-A or II-B in Exhibit 99.3 hereto contributed any funds or other consideration towards the acquisition of Class A Common Stock except insofar as they may have partnership or member interests in any of the Reporting Persons and have made capital contributions to any of the Reporting Persons, as the case may be.

Item 4 of Schedule 13D is hereby supplemented as follows: As previously disclosed by the Issuer in its Form 8-K filed with the SEC on August 18, 2025, the Issuer entered into an Agreement and Plan of Merger, dated as of August 15, 2025 (the "Merger Agreement"), with EH Parent LLC, a Delaware limited liability company, of which Yucaipa American Alliance Fund II, L.P. is the sole member ("Parent"), EH MergerSub Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub", and together with Parent, the "Buyer Parties"), providing for the merger of Merger Sub with and into the Issuer, with the Issuer continuing as the surviving corporation (the "Merger"). None of the Reporting Persons are parties to the Merger Agreement. Capitalized terms used herein but not otherwise defined in the Schedule 13D have the meaning set forth in the Merger Agreement. Pursuant to the Merger Agreement, among other things, each share of Issuer's Class A Common Stock and Class B Common Stock that is outstanding as of immediately prior to the Effective Time of the Merger (other than the Owned Company Shares, the Rollover Shares, Dissenting Company Shares and shares of Class A Common Stock issued pursuant to Section 2.8 of the Merger Agreement) will be canceled and extinguished and automatically converted into the right to receive cash in an amount equal to $9.00, without interest thereon (the "Per Share Price"), on the terms and subject to the conditions set forth therein. If the Merger is consummated, the Class A Common Stock will be delisted from the NYSE as soon as reasonably practicable after the Effective Time and then will be deregistered pursuant to the Exchange Act as soon as reasonably practicable after such delisting. The consummation of the Merger is subject to the satisfaction or waiver of certain conditions as set forth in the Merger Agreement. GS Rollover and Support Agreement On August 15, 2025, in connection with the Merger Agreement, BSPI and the GS Funds (individually a "GS Entity" and collectively, the "GS Entities") entered into a Rollover and Support Agreement with the Issuer (the "GS Rollover and Support Agreement"). Pursuant to such agreement, among other things and subject to the terms and conditions set forth therein, each GS Entity (a) agreed to vote its respective shares of Class A Common Stock in favor of the adoption of the Merger Agreement and the approval of the Merger and against any other action, agreement or proposal which would reasonably be expected to prevent, materially impair or materially delay the consummation of the Merger or the transactions contemplated by the Merger Agreement and (b) designated as "Rollover Shares" for purposes of the Merger Agreement a certain number of shares of Class A Common Stock owned by it. Of the 15,526,619 shares of Class A Common Stock owned by the GS Entities in the aggregate, they designated 13,973,957 shares as Rollover Shares. The GS Rollover and Support Agreement also includes certain restrictions on the transfer by the GS Entities of shares of Class A Common Stock. GS Rollover Side Letter Also on August 15, 2025, the GS Entities entered into a side letter to the GS Rollover and Support Agreement with the Issuer (the "GS Rollover Side Letter"). Pursuant to this side letter, the Issuer agreed to use its reasonable best efforts to obtain additional equity funding at or prior to the Closing of the Merger (the "Incremental Equity Funding" as defined in the GS Rollover Side Letter). The side letter provides that if the Issuer is able to obtain Incremental Equity Funding, then with respect to the first $111,791,657 of net proceeds of Incremental Equity Funding actually received by the Issuer at or prior to the Closing, a number of such GS Entity's shares of Class A Common Stock that had been designated as Rollover Shares (equal to the product (rounded down to the nearest whole number) of (x) 50% of such net proceeds divided by (y) the Per Share Price) shall not be treated as Rollover Shares and shall instead be cancelled at the Closing and converted into the right to receive the Per Share Price in cash as provided in the Merger Agreement; provided that the number of shares to be so cancelled and converted into the right to receive the Per Share Price in cash shall not exceed 7,763,310 shares for the GS Entities in total. In addition, pursuant to the GS Rollover Side Letter, at the Closing, the Issuer agreed to reimburse the GS Entities up to a maximum of $500,000 in the aggregate, for all reasonable out-of-pocket costs and expenses and any VAT incurred in connection with documents entered into by the GS Entities and any other documents related thereto and the consummation of the transaction contemplated thereby. Furthermore, following the Closing, the side letter permits the GS entities to have one non-voting observer to the board of directors of the Issuer for so long as the GS Entities own in the aggregate at least fifty percent of the shares of Class A Common Stock owned by them as of immediately after the Closing of the Merger. GS Voting Agreement Side Letter On August 15, 2025, the GS Entities also entered into a side letter wi th the Issuer pursuant to which the GS Entities agreed to enter into a Voting Agreement at the Closing of the Merger (the "GS Voting Agreement Side Letter"). The Voting Agreement will set forth the post-Closing governance framework, transfer provisions and liquidity rights for the Issuer and will be executed by the Issuer and the post-Closing stockholders at the Closing of the Merger. Senior Secured Notes and Financing of the Merger As contemplated by the Merger Agreement, in connection with the Closing of the Merger by the Issuer, all of the existing senior secured notes outstanding previously issued by Soho House Bond Limited, a wholly-owned subsidiary of the Issuer ("SHBL"), are to be repaid. This includes all of the notes owned by the GS Funds and their affiliates. As part of the Issuer's new debt financing in connection with the Merger, certain of the GS Funds or their affiliates will provide SHBL with new debt financing in an aggregate principal amount of $75 million, subject to customary closing conditions.

Item 5(a) of Schedule 13D is hereby supplemented as follows: The information set forth in Exhibit 99.6 of this Amendment No. 2 is hereby incorporated herein by reference.

Item 5(b) of Schedule 13D is hereby supplemented as follows: The information set forth in Item 5(a) of this Amendment No. 2 is hereby incorporated herein by reference.

Item 5(c) of Schedule 13D is hereby supplemented as follows: No transactions in the Class A Common Stock were effected by any Reporting Person or, to the knowledge of the Reporting Persons, any of the persons listed in Schedule I, Schedule II-A or Schedule II-B in Exhibit 99.3 hereto, during the past 60 days preceding the filing date of this Amendment No. 2, except as disclosed in Item 4 and Schedule IV in Exhibit 99.5 hereof.

Item 5(d) of Schedule 13D is hereby amended and restated in its entirety as follows: Except for clients of GSAM LP, GS&Co. or another investment advisor or broker-dealer subsidiary of Goldman Sachs who may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Class A Common Stock, if any, held in client accounts, no person, other than the Reporting Persons are known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Class A Common Stock beneficially owned by the Reporting Persons and described in this Item 5.

Item 6 of Schedule 13D is hereby supplemented as follows: The information set forth in Item 4 of this Amendment No. 2 is hereby incorporated herein by reference. The descriptions of the Merger Agreement, GS Rollover and Support Agreement, GS Rollover Side Letter, and GS Voting Agreement Side Letter set forth in Item 4 hereof and this Item 6 are not intended to be complete and are qualified in their entirety by reference to such documents, which are included as Exhibits 4, 5, 6 and 7 hereto, respectively, and incorporated by reference herein. Except as otherwise set forth in this Schedule 13D, there are no contracts, arrangements, understandings or relationships between the Reporting Persons and any other person with respect to any securities of the Issuer. Item 6 of Schedule 13D is hereby supplemented as follows: The information set forth in Item 4 of this Amendment No. 2 is hereby incorporated herein by reference. The descriptions of the Merger Agreement, GS Rollover and Support Agreement, GS Rollover Side Letter, and GS Voting Agreement Side Letter set forth in Item 4 hereof and this Item 6 are not intended to be complete and are qualified in their entirety by reference to such documents, which are included as Exhibits 4, 5, 6 and 7 hereto, respectively, and incorporated by reference herein. Except as otherwise set forth in this Schedule 13D, there are no contracts, arrangements, understandings or relationships between the Reporting Persons and any other person with respect to any securities of the Issuer. The foregoing descriptions and exhibits hereto have been included pursuant to the requirements of Schedule 13D. These documents contain representations and warranties made by and to the parties thereto as of specific dates. The representations and warranties of each party set forth in each document have been made solely for the benefit of the other party to such document. In addition, such representations and warranties: may have been qualified by confidential disclosures made to the other party in connection with such document; may be subject to a materiality standard which may differ from what may be viewed as material by investors; were made only as of the date of such documents or such other date as is specified therein; may have been included in such documents for the purpose of allocating risk between or among the parties thereto rather than establishing matters as facts. Accordingly, these documents are included herewith only pursuant to the requirements of Schedule 13D and not to provide investors or other persons with any other factual information regarding the parties or their respective businesses.

Item 7 of Schedule 13D is hereby supplemented as follows: Exhibit No. Description 4 Agreement and Plan of Merger, dated as of August 15, 2025, by and among EH Parent LLC, EH Merger Sub Inc. and Soho House & Co Inc. (incorporated by reference to Exhibit 2.1 to the Issuer's Form 8-K filed with the SEC on August 18, 2025) 5 Rollover and Support Agreement, dated as of August 15, 2025, by and between Soho House & Co. Inc. and the GS Entities 6 Rollover Side Letter, dated August 15, 2025, by and between Soho House & Co. Inc. and the GS Entities 7 Voting Agreement Side Letter, dated August 15, 2025, by and between Soho House & Co. Inc. and the GS Entities 99.1 Joint Filing Agreement, dated as of August 19, 2025, by and among the Reporting Persons 99.2 Power of Attorney, relating to each of the Reporting Persons 99.3 Schedule I, Schedule II-A, and Schedule II-B 99.4 Schedule III 99.5 Schedule IV 99.6 Item 5(a)