BPEA Private Equity Fund VIII (EQT Asia) to acquire IT Services Firm Perficient, Inc. for $3.0 billion
BPEA Private Equity Fund VIII (EQT Asia) to acquire IT Services Firm Perficient, Inc. for $3.0 billion
05/06/24, 11:12 AM
Location
stockholm
saint louisIndustry
venture capital
financial services
information technology
Perficient, Inc. shares are surging premarket after the company announced an acquisition deal with an affiliate of BPEA Private Equity Fund VIII (EQT Asia) at an all-cash transaction valued at around $3.0 billion. The deal represents a 75% premium to Perficient's closing share price on April 29 and a 51% premium to the 30-day volume-weighted average share price, providing compelling cash value for Perficient's shareholders.
Company Info
Location
Stockholm, Stockholms län, Sweden
Company info
The firm has made more than 40 investments in the sector over the past two decades, with around 20 investments during the past five years. In a statement, EQT said the acquisition will be made through EQT Infrastructure V fund, which held its final close at €15.7 billion ($17.8 billion) early this month. EQT said the healthcare sector is aligned with its investment approach.