Friday, April 1, 2016
Reports: Ancestry.com Stake Goes To Silver Lake, GIC In $2.6B Deal
Salt Lake City-based family history site Ancestry.com is in a deal to sell a minority stake in the company to private equity investor Silver Lake and Singapore's sovereign wealth fund, GIC, in a deal that values the company at $2.6 billion, according to reports on Friday. The deal--which has yet to be confirmed by the company--would leave Permira and Spectrum Equity Investors as majority equity owners in Ancestry.com, with Silver Lake and GIC both taking equal minority stakes in Ancestry.