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Synopsis
Permira, the global private equity firm, completed the acquisition of Squarespace, the design-driven platform helping entrepreneurs build brands and businesses online, for $7.2bn. "Squarespace has been at the forefront of providing services to businesses looking to establish themselves online for more than two decades. We are excited to continue building on that foundation, and expanding our offerings, for years to come. We are thrilled to be partnering with Permira on this new leg of our journey, alongside our existing long-term investors General Atlantic and Accel, who strongly believe in the future of Squarespace," Anthony Casalena, Squarespace Founder and CEO. On September 9, 2024, the offer price was raised from $6.9bn to $7.2bn.
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