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Tech advisor Perficient Inc. (NASDAQ:PRFT) agreed to be offered to non-public fairness agency EQT AB for about $3 billion.
An affiliate of BPEA Non-public Fairness Fund VIII (EQT Asia), which is a part of EQT AB, agreed to accumulate Perficient (PRFT) for $76 a share in money, based on a assertion on Sunday. The worth represents a 58% premium to Friday’s shut value and a 76% premium to April 29, earlier than a Bloomberg report that Perficient was evaluating a possible sale.
St. Louis-based Perficient (PRFT), which had been scheduled to report Q1 outcomes on Monday, additionally launched its earnings on Sunday.
“As we speak’s announcement is the results of a complete evaluation by the board to maximise worth for the corporate and its shareholders,” Jeffrey Davis, Chairman of the Board of Perficient stated within the assertion.
The deal is predicted to shut by the tip of the yr. The transaction isn’t topic to a financing situation.
BofA Securities is serving as lead monetary advisor and Wells Fargo as monetary advisor to Perficient in reference to the transaction. Kirkland & Ellis LLP is serving as Perficient’s authorized advisor. J.P. Morgan and TD Securities are serving as monetary advisors to EQT, and Simpson Thacher & Bartlett LLP is appearing as authorized advisor.
