Permira Raises Takeover Offer For Squarespace To $7.2B

Platforms
Written By Rick Watson

Squarespace is a website-design software company that helps enterprises digitize their operations and enhance branding, catering to the growing demand for online business growth.

Global investment firm Permira will offer $46.50 per share in cash to acquire and take Squarespace private for $7.2B. Squarespace has only lost 6.4% in stock price since listing in 2021. Why is this company being targeted by a buyout firm? Compared to other public companies that have shed more value since their IPOs, it makes no sense.

Reuters: Permira raises takeover offer for Squarespace to $7.2 bln

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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