NEW YORK, Sept 6 (Reuters) - Proxy advisory firm

Institutional Shareholder Services on Friday recommended

Squarespace ( SQSP ) investors vote against a proposed take-private

transaction by private equity company Permira later this month.

ISS cited concerns the sales process did not maximize value

for shareholders and the company's strong operational results

and outlook as reasons for its recommendation.

"Despite the offer representing a premium at announcement to

historic trading levels and valuation multiples, there appears

to be no downside risk of non-approval," the report seen by

Reuters said.