London-based Permira purchased Ancestry in 2012 and recently has offered the company for sale to the highest bidder. (See my earlier article at http://goo.gl/ndw6lf.) Apparently, Permira was successful. Even though the original announcement in Fortune stated, “Private equity firm Silver Lake and Singaporean sovereign wealth fund GIC have agreed to acquire equal minority stakes in Ancestry.com…”, today’s article in the Wall Street Journal states that Permira “has sold most of its stake in online genealogy company Ancestry.com LLC to Silver Lake and Singapore’s sovereign wealth fund GIC Private Ltd.”
The interesting item in the Wall Street Journal report is that Permira tripled its investment in Ancestry.com in four years. Not a bad rate of return!
The story by Laura Kreutzer may be found in the Wall Street Journal at http://goo.gl/EwIboc.