Private equity firm Permira acquires Squarespace for $7.2B, CEO Anthony Casalena retains role.

Private equity firm Permira has finalized its acquisition of website builder Squarespace for $7.2 billion, increasing its initial bid. Squarespace's CEO, Anthony Casalena, will remain in his role with an ownership stake. The acquisition follows a significant recovery from a market cap low of $2 billion in 2022, driven by improved earnings. Additionally, Squarespace sold its restaurant reservation service, Tock, to American Express for $400 million.

October 17, 2024
6 Articles