In a major transfer, Technical Advisor Perficient Inc. (NASDAQ:PRFT) has agreed to a $3 billion acquisition by personal fairness agency EQT AB. Associates of EQT AB’s BPEA Non-public Fairness Fund VIII (EQT Asia) will purchase Perficient for $76 per share in money, marking a 58% premium to Friday’s closing value and a 76% premium to the April 29 closing value.
This acquisition comes after Perficient was scheduled to report first-quarter outcomes and reported earnings on Sunday. In response to Jeffrey Davis, chairman of Perficient’s board of administrators, the choice to promote was the results of a radical evaluate aimed toward maximizing worth for the corporate and its shareholders.
The transaction, anticipated to shut by the tip of the 12 months, will not be topic to financing situations. BofA Securities and Wells Fargo served as monetary advisors to Perficient, whereas Kirkland & Ellis LLP offered authorized counsel. JPMorgan Chase & Co. and TD Securities are appearing as monetary advisors to EQT, with authorized advisory from Simpson Thacher & Bartlett LLP.
Total, this acquisition indicators a pivotal second for Perficient and displays the evolving panorama of the trade. Keep tuned for additional updates on this thrilling improvement.
