Ancestry.com (NASDAQ: ACOM) reported its stockholders have approved the merger agreement allowing a company owned by Permira funds and co-investors to buy the company.
Based on the preliminary tabulation of the stockholder vote, approximately 99% of the total votes cast were voted in favor of adopting the merger agreement.
Tim Sullivan, president and chief executive officer of Ancestry.com and a member of the company’s board of directors, said the deal should be closed by the end of the year.
Qatalyst Partners LP is acting as financial advisor and Wachtell, Lipton, Rosen & Katz is acting as legal counsel to Ancestry.com.
Ancestry.com Inc. is the world’s largest online family history resource, with approximately 2 million paying subscribers. More than 11 billion records have been added to the site in the past 16 years.
Permira is a European private equity firm with global reach. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth. For more information visit: www.permira.com