Popular genealogy website Ancestry.com makes out a deal to sell its group of funds led by European private managed fund Permira for $ 1.6 billion, or $ 32 per share. On this day tells The Wall Street Journal.
Investors say the project Ancestry.com As popular works on a very niche market - finding relatives and close friends, as well as their ancestors, so when looking at new users of the resource in an apparent complexity, therefore, the growth prospects are not too large. The only obvious step for the development of the project is its international expansion. Now the project focuses mainly on the people of the United States and Canada.
Sources close to the deal said that the project was evaluated on top of the offer, so we can say that the previous owners Ancestry.com sold it at the highest price. In fact, Ancestry.com purchased at a 40% premium to the market value of the company.
