AFCV Holdings is seeking to acquire the complete stake of answer engine creator, Answers.com. The portfolio company of growth equity investor, Summit Partners, will pay a total of $127 million for the acquisition. The transaction, which has been unanimously approved by the board of directors of Answers.com, is expected to close in the second quarter of 2011.

As a part of the agreement, AFCV will buy all outstanding shares of Answers.com for $10.50 per share. UBS Investment Bank is an exclusive financial advisor to Answers.com, while Jefferies is serving as financial advisor to the buyer.

Click here for the release from Business Wire.