EQT Asia to Acquire Perficient for $3 Billion in an All-Cash Deal

Swedish private equity firm EQT AB’s affiliate will acquire St. Louis-based Perficient, Inc. (PRFT) in an all-cash deal for $3 billion, taking the digital consultancy firm private.

An affiliate of BPEA Private Equity Fund VIII (EQT Asia), part of EQT AB, will pay $76 per share to Perficient stockholders, representing a premium of about 58% to Perficient’s last close on Friday.

The deal, after which Perficient’s shares will no longer trade on the NASDAQ, has been unanimously approved by the digital consultancy firm’s board and is expected to close by the end of 2024.

Tom Hogan will continue as the chief executive officer of Perificient, with its headquarters remaining in St. Louis after the merger.

Perificient operates in 40 locations across the U.S., Latin America, Europe, and India, having partnerships with Fortune 1000 companies like Adobe, Amazon’s AWS, Microsoft, and Google.

For more intricate details, kindly refer to the Deal Metrics page here:

Deal Metrics for the acquisition of Perficient, Inc. (PRFT) by BPEA Private Equity Fund VIII (“EQT Asia”).

Editor’s Note: Baranjot Kaur contributed to this article

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