CRAZY? (Yes or No?) Permira to Buy for $1.6 Billion

A consortium led by the European private equity firm Permira has agreed to buy for around $1.6 billion.

Under the terms of the deal, Permira and its partners will pay $32 a share for, a genealogy Web site. The agreement represents a 40 percent premium to the company’s closing share price in June, when the potential acquisition was first reported.

Permira, which will retain majority control, is partnering with Spectrum Equity, a venture capital firm and an early backer of, and several of the European private equity firm’s direct investors. The Web site’s management also will invest in the deal.

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2012/10/22 · 14:47

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