Blackstone Acquires Ancestry for $4.7 Billion

Communication Services · United States · $4.7B enterprise value

Blackstone acquired a majority stake (approximately 75%) in Ancestry from Silver Lake, GIC, Spectrum Equity, Permira and other equityholders for a total enterprise value of $4.7 billion, announced August 5, 2020 and closed December 4, 2020. GIC retained a significant minority stake (approximately 25%). It was the first control acquisition for Blackstone Capital Partners VIII, the firms largest-ever private equity fund at the time. David Kestnbaum, Senior Managing Director at Blackstone, led the deal.