Tag: David Kestnbaum

Blackstone to acquire Ancestry for $4.7 bn

Blackstone, one of the world’s leading investment firms, announced that it has reached a definitive agreement to acquire Ancestry from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion.  Current Ancestry investor GIC will continue to retain a significant minority stake in the company. This transaction…