Permira Funds Complete Acquisition of Ancestry.com
December 28 2012 - 10:35AM
Permira, the European private equity firm with global reach, and
Ancestry.com Inc. (Nasdaq:ACOM), the world's largest online family
history resource, today announced the successful completion of the
acquisition of Ancestry.com by a company owned by Permira funds and
co-investors for $32.00 per share in cash.
The transaction was approved by stockholders owning
approximately 75% of Ancestry.com common stock at a special meeting
of stockholders held on December 27, 2012. Pursuant to the terms of
the previously announced merger agreement dated October 21, 2012,
the investor group formed by the direction of the Permira funds has
acquired all of the outstanding shares of Ancestry.com. As a
result, Ancestry.com stock will cease trading on the Nasdaq Stock
Market effective today.
Stockholders of Ancestry.com will receive a letter of
transmittal from Ancestry.com's paying agent for them to complete
and return with their stock certificates to obtain their per share
merger consideration.
Ancestry.com will continue executing on its growth strategy and
initiatives led by content acquisition and technology investments,
with the support of the Permira funds and the investor
group. There are no anticipated changes in the Ancestry.com
operations. Ancestry.com will continue to focus on investing in
content and technology, enhancing its user experience, expanding
its product offerings, and building the Ancestry.com brand and the
family history category all on a global basis. Ancestry.com
will retain its operations in Provo, Utah, with a continued large
presence in San Francisco, Dublin, London and other international
markets. Ancestry.com will continue to be led by its existing
management team.
About Ancestry.com
Ancestry.com Inc. is the world's largest online family history
resource, with approximately 2 million paying subscribers. More
than 11 billion records have been added to the site in the past 16
years. Ancestry users have created more than 41 million family
trees containing approximately 4 billion profiles. In addition to
its flagship site, Ancestry.com offers several localized Web sites
designed to empower people to discover, preserve and share their
family history.
The Ancestry.com, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13617
About Permira
Permira is a European private equity firm with global reach. The
Permira funds, raised from pension funds and other institutions,
make long-term investments in companies with the ambition of
transforming their performance and driving sustainable growth.
Founded in 1985, the firm advises funds with a total committed
capital of approximately $30 billion. Over the past 26 years the
Permira funds have made nearly 200 private equity investments, over
30% of which have been in the core sector of Technology, Media
& Telecom ("TMT").
For more information visit: www.permira.com
Forward-Looking Statements
This news release contains forward-looking statements that
involve risk and uncertainties. Such statements constitute
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995. Readers are cautioned not to place undue reliance on
these forward-looking statements and any such forward-looking
statements are qualified in their entirety by reference to the
following cautionary statements. All forward-looking
statements speak only as of the date hereof and are based on
current expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. These
factors, and other factors that may affect the business or
financial results of Ancestry.com, are described in the risk
factors included in Ancestry.com's filings with the Securities and
Exchange Commission, including Ancestry.com's 2011 Annual Report on
Form 10-K and later filed quarterly reports on Form 10-Q and
Current Reports on Form 8-K, which factors are incorporated herein
by reference. Ancestry.com expressly disclaims a duty to
provide updates to forward-looking statements, whether as a result
of new information, future events or other occurrences.
CONTACT: Ancestry.com
Investors:
Aaron Felix
(801) 705-7942
afelix@ancestry.com
Media:
Heather Erickson
(801) 705-7104
herickson@ancestry.com
Permira
Noemie de Andia
+44 20 7632 1159
noemie.deandia@permira.com
Brooke Gordon/Nathaniel Garnick
Sard Verbinnen & Co
(212) 687 8080
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