BLOOMBERG - Aug 7 - Blackstone Group Inc. has acquired a majority stake in Ancestry.com, the business known for family history research and DNA testing. The deal is valued at $4.7B. Silver Lake and Singaporean sovereign-wealth fund GIC Pte have been the majority owners since 2016. After the deal, Blackstone will own 75% and GIC will hold 25% of Ancestry. Ancestry claims ~3M paying subscribers. The company first went public in 2009, raising $100M. It was taken private in 2012 in a $1.6B buyout led by private equity firm Permira. Silver Lake and GIC acquired their majority stake four years ago in a deal that valued the company at $2.6B.
by Heather Perlberg
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