Squarespace to Go Private in $6.9B Private Equity Deal

Platforms
Written By Rick Watson

Squarespace is a website-building platform that provides tools for individuals and businesses to create and manage their online presence. It competes with Wix and Shopify in the website-builder and e-commerce marketplace.

Global Private Equity fund Permira has acquired website building and hosting platform Squarespace for $44 per share to take the company private. Is going private a growing trend?

CNBC: Squarespace to go private in $7 billion private-equity deal

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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