Hurrell advised Matt Hobbs, the chief executive at The Groucho Club, and Ken Steven, the finance director, on the sale, which is estimated to be worth £40 million.
The team has backing from Alcuin Capital Partners, Isfield Investments and some individual investors, including Hurrell. It was previously owned by Graphite Capital, which will remain a shareholder.
Hobbs said the Soho-based arts and media club now has the investment needed to open a second site in New York, and plans to launch a third club.
He said "Work will now commence to find the right building in which to make our New York home. This year we are celebrating the 30th anniversary of The Groucho Club and we are extremely ambitious for its future in America and beyond.
"Each investor brings a wealth of knowledge and expertise that will help further accelerate the expansion and growth of the business."
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