EQT to Acquire Perficient Inc. in $3 Billion Deal

Perficient Inc., a leading tech consulting firm listed on NASDAQ as PRFT, has recently entered into a $3 billion acquisition deal with private equity firm EQT AB. Under this agreement, an affiliate of BPEA Private Equity Fund VIII (EQT Asia) will acquire Perficient at a price of $76 per share in cash.

This offer represents a significant 58% premium over the closing price on Friday and a substantial 76% premium over the price on April 29, prior to speculations about a potential sale surfaced in a Bloomberg report. Perficient, headquartered in St. Louis, made an unexpected move by releasing its Q1 earnings ahead of schedule on Sunday in conjunction with the acquisition announcement.

In a statement, Jeffrey Davis, the Chairman of the Board of Perficient, expressed that the decision to sell was the outcome of an extensive review conducted by the board to optimize value for the company and its shareholders. The completion of the acquisition is anticipated by the end of the year and is not contingent on any financing conditions.