Permira Completes Tender Offer for Outstanding Shares of Squarespace
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
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Source: Newsfilter
Permira's Tender Offer Success: Permira announced the successful completion of its cash tender offer for Squarespace, Inc., with approximately 97.5% of voting power represented by validly tendered shares. The transaction is set to convert remaining shares into cash, making Squarespace a privately held company by October 17, 2024.
Advisors Involved: Various financial and legal advisors are involved in the transaction, including J.P. Morgan and Goldman Sachs for Squarespace and Permira respectively, along with several law firms providing counsel throughout the process.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
