Permira Wraps Up Deal

Permira has completed its $1.6 billion acquisition of, the firm announced. Qatalyst Partners LP acted as financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal counsel to The deal was first announced in October.

Permira, the European private equity firm with global reach, and Inc. ACOM +0.16% , the world’s largest online family history resource, today announced the successful completion of the acquisition of 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 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 As a result, stock will cease trading on the Nasdaq Stock Market effective today.

Stockholders of will receive a letter of transmittal from’s paying agent for them to complete and return with their stock certificates to obtain their per share merger consideration. 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 operations. will continue to focus on investing in content and technology, enhancing its user experience, expanding its product offerings, and building the brand and the family history category all on a global basis. will retain its operations in Provo, Utah, with a continued large presence in San Francisco, Dublin, London and other international markets. will continue to be led by its existing management team.

About 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, offers several localized Web sites designed to empower people to discover, preserve and share their family history.

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”).

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