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Franscisco Partners follows Blackstone into genealogy sector with reported $600m MyHeritage deal

Francisco Partners is following private equity giant Blackstone into the genealogy sector by picking up DNA tracking business MyHeritage in a reported $600m deal.

Blackstone Group to acquire Ancestry.com

Private equity firm Blackstone Group is reportedly about to acquire genealogy provider Ancestry.com in a $4.7bn deal. The deal will include debt and would mark the first acquisition made from Blackstone’s Blackstone Capital Partners VIII