Deals
Squarespace to Go Private in Year’s Second Biggest LBO
- Deal caps a brief stint on the public markets for Squarespace
- London-based firm agreed to pay $44 per share in cash
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Permira is acquiring website-builder Squarespace Inc. for about $6.6 billion in cash in the second-largest take-private deal of the year.
The London-based private equity firm agreed to pay $44 per share in cash for Squarespace, a premium of more than 15% over its closing share price on Friday, according to a statement Monday. The deal is worth $6.9 billion, including debt.