1st April 2016
Ancestry.com LLC, the leading provider of online family history data and personal DNA testing, today announced that Silver Lake and GIC, a current investor in Ancestry, have signed a definitive agreement to acquire substantial equity stakes in the company from existing equity holders at an enterprise value of approximately $2.6 billion. Following the transaction, Silver Lake and GIC will hold equal minority ownership positions in Ancestry, while other current investors - the Permira funds, Spectrum Equity and Ancestry management, including President and Chief Executive Officer Tim Sullivan and Chief Financial and Chief Operating Officer Howard Hochhauser - will remain as meaningful equity investors in the company and, along with GIC, will continue to own a majority of the company.
Ancestry, a global leader in family history and consumer genomics, has more than 2.2 million paying subscribers across its core Ancestry internet properties. The company harnesses the information found in its 17 billion digitized historical records, subscribers’ 78 million family trees, and 1.5 million DNA samples to help people gain insight into their heritage.
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