M&A Deal Summary

Permira Acquires Squarespace

On May 13, 2024, private equity firm Permira acquired internet software and services company Squarespace for 6.9B USD

Acquisition Highlights
  • This is Permira’s 18th transaction in the Internet Software and Services sector.
  • This is Permira’s 6th largest (disclosed) transaction.
  • This is Permira’s 43rd transaction in the United States.
  • This is Permira’s 8th transaction in New York.

M&A Deal Summary
Date 2024-05-13
Target Squarespace
Sector Internet Software and Services
Buyer(s) Permira
Deal Type Going Private
Deal Value 6.9B USD
Advisor(s) J.P. Morgan Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Squarespace

New York, New York, United States
Squarespace is a cloud-based content management system that allows individuals and businesses to create and maintain websites and blogs. From designers creating the next generation of web and mobile experiences to anyone managing their own online presence for the first time, Squarespace provides elegant solutions that set new standards for online publishing. Squarespace was formed in 2003 and is based in New York, New York.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 158 of 159
Sector (Internet Software and Services) 18 of 18
Type (Going Private) 15 of 15
State (New York) 8 of 8
Country (United States) 43 of 44
Year (2024) 2 of 3
Size (of disclosed) 6 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 BioCatch

Tel Aviv, Israel

BioCatch is a digital identity company that delivers behavioral biometrics analyzing human-device interactions to protect users and data. BioCatch is based in Tel Aviv, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 PharmaCord

Jeffersonville, Indiana, United States

PharmaCord is a pharma services company that serves as a commercialization partner for life sciences organizations to enhance the patient experience. The company's comprehensive solutions support the patient journey for specialty medications through a range of services that raise awareness, facilitate access to treatment, improve affordability, and promote therapy adherence. PharmaCord is based in Jeffersonville, Indiana.

Buy -
Mergr

Product

Company

Legal