Squarespace, an online platform for entrepreneurs, has agreed to go private in a $6.9 billion all-cash transaction with Permira. Stockholders will receive $44 per share, a 29% premium. Founder and CEO Anthony Casalena will remain in his role. Long-term investors General Atlantic and Accel will also re-invest. The company plans to invest in enhancing services for entrepreneurs building online brands. The transaction is expected to close in the fourth quarter of 2024. Squarespace’s common stock will no longer be publicly listed post-transaction. The deal was approved by the Squarespace Board of Directors and is subject to regulatory approvals.
https://investors.squarespace.com/news-events-financials/investor-news/news-details/2024/Squarespace-to-Go-Private-in-6.9B-All-Cash-Transaction-with-Permira/default.aspx