Latham & Watkins Advises Permira on US$6.9 Billion Take-Private Acquisition of Squarespace

Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, has announced that it has entered into a definitive agreement to go private by Permira, the global private equity firm, in an all-cash transaction valued at approximately US$6.9 billion. Under the terms of the agreement, Squarespace stockholders will receive US$44 per share in cash representing a transaction valued at over US$6.6 billion on an equity value basis and approximately US$6.9 billion on an enterprise value basis. Upon completion of the transaction, Squarespace will become a privately held company.

Latham & Watkins LLP represents Permira in the transaction with a corporate deal team led by Washington, D.C. partner Brian Mangino, New York partner Amber Banks, and Washington, D.C. partner Mariclaire Petty Brewer, with associates Ross Liemer, Lachlan Sievert, Alex Storozum, Alizah Charaniya, Emilie Cullen, and Kendall Krumme. Advice was also provided on private equity finance matters by Washington, D.C. partners Manu Gayatrinath, Katherine Putnam, and Melissa Frankel Fabian and Washington, D.C. counsel Jonathan Shih, with associate Jennifer Chemtob; on tax matters by Bay Area partner Katharine Moir, with associate Abigail Friedman; on benefits and compensation matters by Washington, D.C. partner David Della Rocca, with associates Ashlie Lawton and Bryce Williamson; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Ryan Clore, Tyra Richmond, and Caroline Toman Lammon; on antitrust matters by Washington, D.C. partners Amanda Reeves and Katherine Rocco, Brussels partner Héctor Armengod, and Brussels counsel Philipp Studt, with associates Matthew Piehl, Daniel Baker, and Anne-Claire Théry; on anticorruption and trade controls matters by Washington, D.C. partners Kevin Chambers and Barrie VanBrackle and Washington, D.C. counsel Ruchi Gill, with associates Eric Green and Julie Shin; on data privacy matters by Bay Area partner Michael Rubin, London partner Fiona Maclean, and Houston counsel Robert Brown, with associates Dyllan Brown-Bramble and Victoria Wan; on real estate matters by New York partner Dara Denberg, with associate Thomas Ficchi; and on labor matters by New York counsel Sandra Benjamin, with associate Yoojin DeNiro.