Tag: silver lake

Categories
Tech

Blackstone Acquires Ancestry for $4.7 billion from Singapore’s sovereign wealth fund GIC, Permira, Silver Lake, Spectrum Equity

Blackstone has acquired Ancestry for $4.7 billion from a group of private equity investors (Singapore’s sovereign wealth fund GIC, Permira, Silver Lake, Spectrum Equity)

Within eight years those private equity investors purchased Ancestry for $1.3 billion and have now sold for $4.7 billion. Not a bad return!

Ancestry currently has $1 billion in annual revenue from a base of more than 3 million customers who pay for its various family history services.

Categories
Business Tech

Will Airbnb IPO on a Public Stock Market Any Time Soon?

airbnb home page

Short Answer: NO – I doubt it.

Airbnb was in a good position to IPO at the end of last year, but seemed to push it back. Since then the follow has happened:

  • Coronavirus has all but stopped their business.
  • Combination of debt & equity from Silver Lake, Sixth Street Partners
  • Previously raised $4.6 billion
  • Financial Times reported new $25b valuation last week

Airbnb won’t be seeing the public markets any time soon as they really need to focus when the Coronavirus lockdowns start to exit and the world opens up for business again.