Ancestry

History

2020: Blackstone Group purchased Ancestry

At the end of August, 2020 Blackstone Group purchased service for collecting of the genetic $ given to Ancestry.com for 4.7 billion, having paid including a debt of the company. At this Blackstone relied on the future of the personalized medicine which will be able to find application for rich base of genetic data.

Ancestry.com is the world's largest service for collecting of genetic information which allows clients to trace the genealogy and to reveal genetic risks for health using the DNA analysis at home. Blackstone hopes that in the conditions of COVID-19 pandemic even more people will address services of Ancestry.com service.

We consider that Ancestry has the serious potential for further growth as presently people, regardless of age and origin, are interested in information on the family history and about to themselves more and more, - the senior managing director of Blackstone David Kestnbaum said.

Blackstone Group purchased Ancestry

The transaction became the first acquisition of Blackstone Capital Partners VIII, the largest in the history of a private equity fund which in 2019 attracted $26 billion from investors.

Ancestry.com attracted more than 3 million solvent clients approximately in 30 countries and brings to more than $1 billion an annual income. Started in 1996 as the website on family history work, he used achievements in the field of testing of DNA and applications for mobile phones for expansion of the services.

Blackstone purchases Ancestry.com at private investment companies Silver Lake, Spectrum Equity and Permira. The Singapore sovereign fund GIC, one more investor of Ancestry.com, will save a considerable minority share in the company. At the same time purchase price seriously grew in comparison with assessment of Ancestry.com in 2016 when Silver Lake and GIC invested in the company $2.6 billion^[1]

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