22 Oct '12, 4pm

Permira Advisers LLP acquired for $1.6 Billion #domainnames

Permira Advisers LLP,a European private equity firm,has recently purchased Ancestry.com for 1.6 billion dollars. Ancestry.com has more than 2 million paying subscribers an offers more than 10 billion recordsThe company went public in 2009 and has been profitable ever since .Even though the company has been sold,it will remain headquartered in Provo,Utah. Permira Advisers is not the only private firm that made bids for the company.Reuters reported back in September that both Hellman & Friedman and TPG Capital has also made bids for Ancestry.com . "Our board conducted a thorough sale process, and we are pleased to be able to offer our stockholders this premium transaction," said Charles Boesenberg,the company's chairman in a statement.

Full article: http://www.domainnews.com/en/permira-advisers-llp-acquire...

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