Ancestry plans new debt financing for buyout by Blackstone

By Sara Rosenberg

New York, Aug. 5 – Ancestry.com has received a commitment for new debt financing to help fund its acquisition by Blackstone, according to a news release.

Bank of America and Credit Suisse provided the debt commitment.

Under the agreement, Ancestry is being bought from Silver Lake, GIC, Spectrum Equity, Permira and other equity holders for a total enterprise value of $4.7 billion. Current Ancestry investor GIC will continue to retain a significant minority stake in the company.

Ancestry is a Lehi, Utah-based provider of digital family history services and consumer genomics.

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