Soho House, the private members’ club business, is in talks with an investor about selling a significant minority stake in the firm as it eyes further international expansion, according to The Times. The newspaper reports that owners Richard Caring and Nick Jones would reduce their stakes in the business, currently 80% and 20% respectively, as part of the proposed deal. The pair are said to be valuing Soho House at between £250m and £300m, including net debt of c.£90m. Soho House is looking to extend its reach abroad. In the US, it has recently secured a site for development in Chicago and has further ambitions in that country. The company is also said to be eyeing opportunities in the Far East after securing a site in Mumbai, India. The Times also reports that Soho House has secured a site for a second outlet in London, in Mayfair. Talks with potential investors earlier this year came to nothing.