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


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

Under the terms of the deal, Permira and its partners will pay $32 a share for Ancestry.com, 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 Ancestry.com, and several of the European private equity firm’s direct investors. The Web site’s management also will invest in the deal.

Read More: http://dealbook.nytimes.com/2012/10/22/permira-said-to-buy-ancestry-com-for-1-6-billion/

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2012/10/22 · 14:47

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