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Permira completes Squarespace acquisition after upping bid to $7.2B
Squarespace is now officially a privately-held company, after private equity firm Permira procured all remaining common stock in the firm.
Founded in 2004 by Anthony Casalena, Squarespace is a no-code platform for SMEs and freelancers to build websites, blogs and online stores. Permira’s bid represents a 36.4% premium over Squarespace’s 3-month average price leading up to the transaction announcement in May, and it’s also one of the biggest take-private deals of 2024. VC firms Accel and General Atlantic are also remaining what Casalena calls “meaningful investors” post-acquisition.
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