Tag Archives: Permira acquisition

Squarespace Announces Move to Go Private in $6.9 Billion Deal

squarespace

Website building platform Squarespace is set to ditch the public market after announcing a $6.9 billion all-cash deal with private equity firm Permira. The agreement, finalized on May 13, 2024, will see Squarespace become a privately held company.

This move comes after what Squarespace describes as "nearly three turbulent years on the public market." The company went public in 2021 via a direct listing, but its stock price never quite reached the heights investors anticipated. In fact, it opened below

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