GIC and Silver Lake Seek to Squeeze Money out of Ancestry.com by Borrowing More

Posted on 08/15/2019


In a classic private equity move, the private equity owners of Ancestry.com Inc., which are led by Silver Lake Partners and GIC Private Limited, are seeking to extract US$ 910 million from the company through a special dividend. The special dividend will mostly be funded by new junk debt borrowings, increasing strain on Ancestry’s balance […]