M&A Deal Summary

The Blackstone Group Acquires Ancestry

On August 5, 2020, private equity firm The Blackstone Group acquired information services company Ancestry from Silver Lake, GIC, Banneker Partners and ATP Private Equity Partners for 4.7B USD

Acquisition Highlights
  • This is The Blackstone Group’s 3rd transaction in the Information Services sector.
  • This is The Blackstone Group’s 27th largest (disclosed) transaction.
  • This is The Blackstone Group’s 165th transaction in the United States.
  • This is The Blackstone Group’s 3rd transaction in Utah.

M&A Deal Summary
Date 2020-08-05
Target Ancestry
Sector Information Services
Buyer(s) The Blackstone Group
Sellers(s) Silver Lake
GIC
Banneker Partners
ATP Private Equity Partners
Deal Type Secondary Buyout
Deal Value 4.7B USD

Target

Ancestry

Provo, Utah, United States
website
Ancestry.com's offices in Dublin, Ireland.
Ancestry.com's offices in Dublin, Ireland.
Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 269 of 319
Sector (Information Services) 3 of 4
Type (Secondary Buyout) 53 of 72
State (Utah) 3 of 3
Country (United States) 165 of 201
Year (2020) 8 of 12
Size (of disclosed) 27 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 KP1

Avignon, France

KP1 is a French manufacturer of high performance prefabricated concrete products, focusing on floors and structural systems for the building industry. KP1 is headquartered in Avignon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 ZO Skin Health

Irvine, California, United States

ZO Skin Health develops and delivers innovative skincare solutions that optimize skin health based on the latest advances in skin therapy technologies, unique delivery systems, bioengineered complexes, and exclusive formulations.

Buy -

Seller(S) 4

SELLER

Silver Lake

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 102.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.

DEAL STATS #
Overall 50 of 58
Sector (Information Services) 3 of 3
Type (Secondary Buyout) 9 of 9
State (Utah) 1 of 1
Country (United States) 38 of 45
Year (2020) 3 of 6
Size (of disclosed) 6 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 Groupe Meilleurtaux

Paris, France

Groupe Meilleurtaux is a financial services provider with a broad and diversified range of financial services including loan insurance and mortgage brokerage, debt consolidation solutions, savings & investment products as well as P&C and health insurance distribution and brokerage offerings, available both online and through France’s largest network of 340 brokerage branches. Groupe Meilleurtaux was founded in 1999 and is based in Paris, France.

Buy £700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-23 GoodRx

Santa Monica, California, United States

GoodRx is a source for prescription and healthcare savings in America. More than 10 million consumers use GoodRx each month to find current prices and discounts on their medications. GoodRx’s real-time market-intelligence platform gathers retail prices and coupons for virtually every pharmacy in America, providing savings of up to 80%. GoodRx was founded in 2011 and is based in Santa Monica, California.

Sell -
SELLER

GIC

Investor Investor Investor Investor Investor

website

Category Sovereign Wealth Fund
Founded 1981
Size Mega
Type Sector Agnostic
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.

DEAL STATS #
Overall 6 of 10
Sector (Information Services) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Utah) 1 of 1
Country (United States) 3 of 4
Year (2020) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 The Ultimate Software Group

Weston, Florida, United States

The Ultimate Software Group, Inc. is a provider of cloud-based human capital management (HCM) solutions. Ultimate delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. The Ultimate Software Group was founded in 1990 and is based in Weston, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Leslie s

Phoenix, Arizona, United States

Leslie's is a specialty retailer of swimming pool supplies and related products. Leslie's currently marketing its products through nearly 900 retail store locations in 35 states, 24 Commercial Service Centers, a nationwide mail-order catalog, and several internet e-commerce sites, including In The Swim. In The Swim is the leading direct-to-consumer provider of the aftermarket swimming pool and spa supplies and equipment to residential and commercial customers sold primarily through its catalogs and proprietary websites, as well as the online marketplaces. Leslie's was founded in 1963 and is based in Phoenix, Arizona.

Sell -
SELLER

Banneker Partners

San Francisco, California, United States

Investor

website

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.

DEAL STATS #
Overall 4 of 4
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Utah) 1 of 1
Country (United States) 4 of 4
Year (2020) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Pepperjam

Wilkes-Barre, Pennsylvania, United States

Pepperjam LLC is a performance marketing solutions provider powering growth for marketers seeking a scaled alternative to their primary sales and marketing channels. Ascend™, Pepperjam’s cloud-based affiliate marketing lifecycle platform, delivers a fully integrated partner discovery, recruitment, tracking, payment, and brand safety solution. Pepperjam was founded in 1999 and is based in Wilkes-Barre, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Versaterm

Ottawa, Ontario, Canada

Versaterm provides CAD and records systems to public safety agencies in North America and the Caribbean. It offers records management systems, fire records management systems, computer-aided dispatch systems, mobile workstations, law enforcement information sharing portal, and crime analysis package. Versaterm was formed in 1977 and is based in Ottawa, Ontario.

Buy -
SELLER

ATP Private Equity Partners

website

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.

DEAL STATS #
Overall 26 of 29
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 9 of 11
State (Utah) 1 of 1
Country (United States) 12 of 13
Year (2020) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 HTGroup

Zaratán, Spain

HTGroup is a provider of medical transport services for both the public and private sectors, with a fleet of more than 2,000 ambulances that serve more than 18 million people. HTGroup is based in Zaratán, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 ServiceMaster

Atlanta, Georgia, United States

ServiceMaster is a provider of residential and commercial restoration and cleaning services, operates a network of over 1,850 franchisees through its portfolio of five brands in 50 states and nine countries. ServiceMaster was founded in 1929 and is based in Atlanta, Georgia.

Buy $1.6B
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