Permira to buy website builder Squarespace for $6.6B

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The company's founder will remain CEO.

Share on linkedin Permira has agreed to buy Squarespace for $6.6 billion in cash, in a deal that will take the website and brand builder off the public market three years after its New York Stock Exchange debut.Private equity firms are sitting on a lot of cash, and starting to use it more and more.Permira is funding the acquisition through the private credit market.

Goldman Sachs and Latham & Watkins advised Permira. Wilson Sonsini served as legal counsel to Casalena.Share on facebook Share on email

 

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