Soho House plans to go private again after four years on Wall Street. The luxury members club operator has struck a deal with an investor group led by hotel giant MCR.

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

Kutcher is leading a consortium of investors who are part of a $2.7 billion deal to take high-end membership club Soho House ( SHCO 14.92%) private. As part of the deal, Kutcher will take a seat on Soho House's board.