Silver Lake to Invest in Ancestry.com

Private equity firm Silver Lake Partners has agreed to acquire a minority stake in Ancestry.com in a deal that values the privately held genealogy website at $2.6 billion, including debt, people familiar with the matter said on Friday.

To repeat, this is a “minority stake” in the ownership of the company. Private equity firms Permira Advisers Ltd and Spectrum Equity Management LP, along with GIC, Singapore’s sovereign wealth fund, still own the majority of the company.

Details may be found in an article by Greg Roumeliotis and Liana B. Baker in the Reuters News Service at http://www.reuters.com/article/us-ancestry-m-a-silverlake-idUSKCN0WY4ZI.

Leave a Reply

Name and email address are required. Your email address will not be published.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

You may use these HTML tags and attributes:

<a href="" title="" rel=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <pre> <q cite=""> <s> <strike> <strong> 

%d bloggers like this: