Ancestry.com Goes to PE Firms for $1.6B
Ancestry.com said it will be acquired by a group led by Europe-based private equity firm Permira in a $1.6 billion deal. The company will be taken private for $32 per share, a 10 percent premium to the stock's Friday closing price, Reuters reported. In addition to Permira, the buyout group includes the private equity firm's co-investors, members of Ancestry.com's management, including Chief Executive Tim Sullivan and Chief Financial Officer Howard Hochhauser, and Spectrum Equity, which owns about 30 percent of Ancestry.com.
22 October 2012•1 min read
