At what enterprise value was SQUARESPACE acquired in 2024?

During the acquisition of SQUARESPACE by PERMIRA in 2024, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SQUARESPACE when it was acquired by PERMIRA?

The estimated EV/EBITDA multiple for SQUARESPACE is in the range of Above 20x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was SQUARESPACE acquired by PERMIRA?

SQUARESPACE was acquired by PERMIRA in 2024.

What was the revenue of SQUARESPACE at the time of the deal?

The revenue of SQUARESPACE at the time of the deal is estimated to be in the range of 750M - 1.3b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of SQUARESPACE during the acquisition?

SQUARESPACE's EBITDA is estimated to be in the range of 150M - 250M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the SQUARESPACE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the SQUARESPACE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.permira.com/news-and-insights/announcements/permira-completes-acquisition-of-squarespace

← DATABASE

Home Database TMT (Tech, Media, Telecom)SQUARESPACE

10/2024

SQUARESPACE acquired by PERMIRA

UNITED STATES Software EV 3b - 100b USD

Context

Squarespace has been acquired by Permira in an all‑cash transaction that concludes the company’s transition from public to private ownership. The acquisition follows a structured process involving a special committee of the Squarespace board, financial advisors, and legal counsel, and it results in the removal of the company’s shares from the New York Stock Exchange. The deal was financed through a combination of equity contributions from Permira’s funds and senior debt arranged by a consortium of lenders, with the founder retaining a majority equity stake and continuing in his executive roles. Permira’s rationale for the purchase centers on the platform’s entrenched relationships with small and medium‑size enterprises and its expanding suite of AI‑enhanced web‑building tools. The firm intends to leverage its experience in scaling internet‑based businesses to accelerate product innovation, deepen integration with third‑party services, and broaden geographic penetration, particularly in high‑growth markets outside North America. The acquisition aligns with Permira’s broader strategy of building a portfolio of technology platforms that generate recurring subscription revenues and benefit from network effects. Operationally, the combined entity is expected to pursue coordinated investments in engineering talent, data infrastructure, and marketing capabilities to improve user acquisition efficiency and increase average revenue per user. Enhanced capital resources will support the rollout of new commerce functionalities and enterprise‑grade security features, positioning the platform to capture a larger share of the global website‑creation market. The transaction also enables a more agile governance structure, facilitating faster decision‑making and the execution of long‑term growth initiatives.

SQUARESPACE, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Squarespace, Inc. provides a cloud‑based platform that enables individuals and businesses to design, host, and manage web properties without requiring coding expertise. The company offers a library of responsive templates, drag‑and‑drop editing tools, integrated domain registration, and built‑in analytics that support content publishing, e‑commerce, and marketing functions. Subscription fees constitute the primary revenue source, with tiered plans that grant access to hosting, storage, SSL security, and third‑party integrations such as payment processing and email marketing. Since its founding in the early 2000s, Squarespace has expanded its product suite to include AI‑assisted design recommendations, automated SEO optimization, and a marketplace for extensions that augment core capabilities. The customer base spans small and medium‑size enterprises, independent creators, and professional service firms across North America, Europe, and Asia‑Pacific, each relying on the platform to establish an online presence and conduct digital transactions.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2023

2022

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
11/2024	CREDIT MUTUEL EQUITY	TOPSOLID	FRANCE	Software	TopSolid completed its fifth LBO since 2005, welcoming Credit Mutuel Equity as a new minority reference shareholder. Historical partners Bpifrance and IRDI chose to reinvest, while Siparex (shareholder since 2018) exited
11/2024	SOGELINK	NETISYS	FRANCE	Software	Sogelink announced the acquisition of Netisys, marking its fifth acquisition in two years and the first major build-up since CVC's entry. This transaction strengthens Sogelink's offering for public and parapublic actors by integrating specialized tools for managing road, rail, and port infrastructures
10/2024	TOMRA	C-TRACE	GERMANY	Software	In October 2024, TOMRA acquired an 80% stake in c-trace from its founders and historical shareholders. The remaining 20% is retained by the founders, with TOMRA holding an option to acquire this residual stake after a two-year period
10/2024	VERTISEIT	VISUAL ART SWEDEN	SWEDEN	Software	Vertiseit acquired 100% of the outstanding shares in Visual Art. This transformative transaction significantly expands Vertiseit's global footprint, particularly in the Nordics, UK, and North America, while increasing its total Annual Recurring Revenue (ARR) by over 40% to SEK 254 million
10/2024	BONNIER CAPITAL	VERTISEIT	SWEDEN	Software	Bonnier Capital significantly increased its stake in Vertiseit to become the company’s largest shareholder, holding approximately 18% of the capital. This strategic investment served as the primary financing engine for Vertiseit’s simultaneous acquisition of its competitor, Visual Art
10/2024	CAPZA	JVS GROUP	FRANCE	Software	Following a competitive process led by Oaklins, JVS Group completed its fourth LBO, marking the exit of Parquest, which had been an investor since 2020. Capza invested over €55m (primarily through mezzanine debt and bond tools), while Bpifrance reinvested €6m
10/2024	VAISALA	NEVIS TECHNOLOGY	UNITED KINGDOM	Software	In October 2024, Vaisala announced the acquisition of Nevis Technology to bolster its offerings in the offshore wind market and accelerate its growth in sectors related to the energy transition. This strategic move enables the Finnish group to enhance its portfolio of solutions by combining its measurement and meteorological intelligence technologies with Nevis Technology's software and monitoring systems
10/2024	VERALTO CORPORATION	TRACEGAINS	UNITED STATES	Software	Veralto has acquired the holding company of TraceGains. This acquisition strategically expands Veralto’s PQI segment by integrating TraceGains’ food safety software with Esko’s digital workflow solutions for packaging and label design
10/2024	GROUPE LACOUR	DRAGON2000	UNITED KINGDOM	Software	Lacour Group has successfully completed the 100% acquisition of the UK-based software developer Dragon2000, marking its first major international expansion since the 2023 Carlyle LBO. The transaction was funded through a combination of existing cash reserves and CAPEX facilities provided by Capza
10/2024	SAGARD	FUTUR MASTER	FRANCE	Software	Sagard NewGen has announced the acquisition of FuturMaster, a premier SaaS provider specializing in Supply Chain Planning and Revenue Growth Management (RGM). Sagard NewGen becomes the majority shareholder, succeeding the founder, Bo Zhou, who exits the business

REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 750M - 1.3b USD

EBITDA range: 150M - 250M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SQUARESPACE by PERMIRA are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: squarespace

Acquirer: permira