The Firm is representing Blackstone in connection with its proposed acquisition of Ancestry® from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion. This transaction represents the first control acquisition for Blackstone’s eighth vintage of its flagship private equity vehicle.
Ancestry is the global leader in digital family history services, operating in more than 30 countries with more than three million paying subscribers across its Ancestry online properties and more than $1 billion in annual revenue. Ancestry also operates a market-leading consumer genomics business, which informs consumers about their heritage and key health characteristics.
The Simpson Thacher team includes Elizabeth Cooper, Michael Chao, Lauren Kim, Melissa Parres and Hadley Nagel (M&A); Brian Gluck, Adam Moss and Teresita Acedo (Credit); Jon Ozner (Capital Markets); Greg Grogan, Monisha Bhayana and Alan Fenyes (ECEB); Jon Goldstein, Sophie Staples and Scott Grundei (Tax); Steven Klar, Doug Brown and Benjamin Smith (Funds); Lori Lesser and Alysha Sekhon (IP); Krista McManus (Real Estate); and Peter Guryan, Kelly Karapetyan and Daniel Owsley (Antitrust).