Tag

Permira

All articles tagged with #permira

technology1 hour ago•2 min saved

Squarespace cuts 19% of staff to streamline operations amid AI shifts

Squarespace is cutting approximately 19% of its workforce, affecting around 300 employees, to streamline operations and adapt to rapid changes in the web design industry driven by artificial intelligence. CEO Anthony Casalena stated that the restructuring aims to create smaller teams and a simplified organizational structure, with the majority of cuts impacting product and engineering departments. Affected employees will receive at least 16 weeks of base salary, continued benefits through May 2027, and career support. The move follows the company's acquisition by private equity firm Permira in 2024 and its recent launch of AI-powered tools like Blueprint.

via Business Insider|

#ai #layoffs #permira

business5 hours ago•1 min saved

Squarespace cuts 300 jobs to streamline operations post-acquisition

Squarespace is cutting 19% of its workforce, affecting roughly 300 people, to streamline operations and accelerate growth. The company, owned by Permira, is providing 16 weeks of pay and benefits to affected staff. This move follows a 2024 pivot toward AI-driven website building.

via The Verge|

#ai #business #layoffs

business10 months ago•2 min saved

Permira and Warburg to Acquire Clearwater Analytics for $8.4 Billion

Permira and Warburg Pincus are acquiring Clearwater Analytics for $8.4 billion, taking the company private in a deal that includes several minority investors, with a focus on AI-driven portfolio management tools, expected to close in the first half of 2026.

via CNBC|

#acquisition #business #clearwater-analytics

business2 years ago•1 min saved

Golden Goose Set for Milan IPO This Week

Luxury sneaker brand Golden Goose is planning to go public in Milan this week, potentially valuing the company at $3.3 billion. The Italian brand, known for its pre-distressed sneakers popular among celebrities, is owned by private-equity firm Permira. The IPO comes amid a sluggish European IPO market and concerns over slowing demand for luxury goods.

via Business Insider|

#business #golden-goose #ipo

business3 years ago•1 min saved

Permira Acquires Ergomed for $886 Million in Thrilling Pharma Services Takeover

European private equity firm Permira has agreed to acquire British biopharmaceutical services company Ergomed for approximately $886.40 million. The cash offer represents a premium of about 28% to Ergomed's last closing price and has the backing of the board. Ergomed provides clinical research and trial management services and operates globally. This acquisition follows a trend of British healthcare companies being taken private this year. Permira focuses on investments in technology, consumer, healthcare, and services.

via Reuters|

#business #ergomed #healthcare