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Private Equity Consortium Said To Be In Talks to Take Ancestry.com Private in Deal Priced in the Mid-to-High $30s

publication date: Jul 24, 2012
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author/source: Valuentum Analysts

According to the NYTimes DealBook, Best Idea Ancestry.com (click ticker for report: ACOM) is in discussions with TPG Capital and Providence Equity Partners and Primera in a deal to go private at a price in the mid-to-high $30s, more than a 45% premium to its Tuesday closing price at the high end of the range. Though we believe Ancestry.com is worth far more than this proposed offer, we were very pleased with the news as the company represents one of the largest holdings in the portfolio of our Best Ideas Newsletter. NYTimes DealBook added, however, that there is no certainty that a transaction will take place. We continue to monitor the situation. Ancestry.com is up 19%+ in after-hours trading.


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