Global investment firm Permira has completed the acquisition of Squarespace, in a deal valued at approximately $7.2 billion. As a result, Squarespace has been delisted from the New York Stock Exchange and will now operate as a private company. Squarespace’s Founder and CEO, Anthony Casalena, retained a substantial portion of his equity and will continue leading the company alongside its current executive team. Longtime investors Accel and General Atlantic remain key stakeholders, supporting Squarespace’s mission to provide digital tools for entrepreneurs.
Founded in 2004, Squarespace has built a reputation for empowering small and medium-sized businesses (SMBs) and entrepreneurs with robust online tools. Partner at Permira, David Erlong, emphasized the firm’s dedication to supporting Squarespace’s growth, leveraging its expertise in backing internet platforms that enable SMBs globally. The acquisition is expected to allow Squarespace to expand its product offerings, with a continued focus on incorporating generative AI into its ecosystem. J.P. Morgan and Skadden, Arps, Slate, Meagher and Flom LLP served as Squarespace’s advisors, with Goldman Sachs and Latham and Watkins advising Permira on the transaction. Financing for the acquisition was led by Blackstone Credit and Insurance, Blue Owl Capital, and Ares Capital Corporation.
