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New Deal


Announced

Completed

Blackstone completed the acquisition of a 75% stake in Ancestry for $3.5bn.

Synopsis

Blackstone completed the acquisition of a 75% stake in Ancestry, a digital family history services provider, from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders, for $3.5bn. “We are very excited to partner with Ancestry and its management team. We believe Ancestry has significant runway for further growth as people of all ages and backgrounds become increasingly interested in learning more about their family histories and themselves. We look forward to investing behind further data, functionality, and product development across Ancestry’s market leading platform to continue to provide a differentiated service," David Kestnbaum, Blackstone Senior Managing Director.

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