Blackstone’s $4.7 Billion Acquisition of Ancestry

Blackstone's $4.7 Billion Acquisition of Ancestry

Simpson Thacher represented Blackstone in the transaction. Elvinger Hoss Prussen advised Silver Lake.

Blackstone closed its proposed acquisition of Ancestry® from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion. This transaction represents the first control acquisition for Blackstone’s eighth vintage of its flagship private equity vehicle.

Ancestry is the global leader in digital family history services, operating in more than 30 countries with more than three million paying subscribers across its Ancestry online properties and more than $1 billion in annual revenue. Ancestry also operates a market-leading consumer genomics business, which informs consumers about their heritage and key health characteristics.

The Simpson Thacher team representing Blackstone included Elizabeth Cooper (Pocture), Michael Chao, Lauren Kim, Melissa Parres and Hadley Nagel (M&A); Brian Gluck, Adam Moss and Teresita Acedo (Credit); Jon Ozner (Capital Markets); Greg Grogan, Monisha Bhayana and Alan Fenyes (ECEB); Jon Goldstein, Sophie Staples and Scott Grundei (Tax); Steven Klar, Doug Brown and Benjamin Smith (Funds); Lori Lesser and Alysha Sekhon (IP); Krista McManus (Real Estate); and Peter Guryan, Kelly Karapetyan and Daniel Owsley (Antitrust).

The Elvinger Hoss Prussen team was led by partner Katia Panichi, and composed of senior associate François-Xavier Joyeux.

Involved fees earner: François-Xavier Joyeux – Elvinger Hoss Prussen; Katia Panichi – Elvinger Hoss Prussen; Teresita Acedo – Simpson Thacher & Bartlett; Benjamin Smith – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Doug Brown – Simpson Thacher & Bartlett; Michael Chao – Simpson Thacher & Bartlett; Elizabeth Cooper – Simpson Thacher & Bartlett; Alan Fenyes – Simpson Thacher & Bartlett; Brian Gluck – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Lauren Kim – Simpson Thacher & Bartlett; Steven Klar – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Adam Moss – Simpson Thacher & Bartlett; Hadley Nagel – Simpson Thacher & Bartlett; Daniel Owsley – Simpson Thacher & Bartlett; Jonathan Ozner – Simpson Thacher & Bartlett; Melissa Parres – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett;

Law Firms: Elvinger Hoss Prussen; Simpson Thacher & Bartlett;

Clients: Blackstone; Silver Lake;

Martina Bellini

Author: Martina Bellini