Ancestry readies launch of new loan transaction for Friday

By Sara Rosenberg

New York, Nov. 12 – Ancestry.com will hold a lender call at 11 a.m. ET on Friday to launch new loan financing, according to a market source.

Credit Suisse Securities (USA) LLC is the left lead on the deal.

Proceeds will be used to help fund the buyout of the company by Blackstone 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.