Fried Frank, Clifford Aid Permira-Led $1.6B Buy

Law360, New York (October 22, 2012, 12:44 PM EDT) -- An investor group led by European private equity firm Permira Advisers LLC agreed to fork over $1.6 billion in cash for, taking the popular genealogy website private three years after it listed itself on the Nasdaq.

Under the deal's terms, Permira and its partners will offer $32 per share, a 41 percent premium over Provo, Utah-based's close June 5 — the day before media reports surfaced that the company had hired a financial adviser to explore a sale. Since rumors of a sale bubbled...
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