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Permira trebles money by selling Ancestry stake to Silver Lake, GIC

The valuation was nearly two-thirds higher than $1.6 billion valuation Ancestry.com had when London-based Permira led an investor group in buying the genealogy website in 2012

Ancestry.com helps consumers trace their family lineage through records and genomics
Ancestry.com helps consumers trace their family lineage through records and genomics Photo: iStock

Permira scored a three-times return from selling the bulk of its stake in online family history platform operator Ancestry.com to Silver Lake and fellow company shareholder, GIC Private, Singapore's sovereign wealth fund, said a person familiar with the situation.

Ancestry.com said in a news release that the deal valued the Provo, Utah, company at about $2.6 billion.

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