Permira agreed to take Squarespace private less than three years after it first went public in 2021.
Major shareholders Accel and General Atlantic, as well as CEO Anthony Casalena , have approved the deal, which is being financed with help from Ares and Blackstone.The New York Stock Exchange welcomes Squarespace, Inc. , on May 19, 2021, in celebration of its Direct Listing.Permira agreed to pay $44 per share in cash, a roughly 30% premium to Squarespace's unaffected share price.
Squarespace competes with Wix and Shopify for a slice of the website-builder and e-commerce marketplace. Shares rose nearly 13% to $43 per-share in pre-market trading. Permira will finance the deal with the help of Ares Capital,
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