Ancestry.com,
the family history website has been bought for £1bn. The buyout, led by private equity firm
Permira, included chief executive, Tim Sullivan, head of finance Howard
Hochhauser. Permira plans to invest in
international expansion of the business.
The firm has 850 employees in 10 offices in the US, Britain, Italy and
Germany, and revenues of 475m dollars.
Penny Winter – The UK Knack Group
