Tag: Spectrum Equity

Zenwork raises over INR 1200 Crores from Spectrum Equity

Zenwork, a provider of digital tax compliance and regulatory reporting fintech SaaS platform for businesses everywhere, has successfully raised over INR 1200 Crores from Spectrum Equity, a growth equity firm focused on internet-enabled software and information services companies. According to a statement, “The investment will enable Zenwork, operating the brands Tax1099 and Compliancely, to accelerate…

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…