2024-05-10 10:55:00 ET
Summary
- Swedish private equity firm EQT will acquire Perficient in an all-cash deal valued at about $3 billion.
- EQT will pay $76 for each Perficient share, representing a nearly 75% premium to Perficient’s close price on April 29.
- Perficient shares fell 71% from their highs until Bloomberg reported in April that the company was exploring a sale.
Dealmakers might be emerging from their bleary post-pandemic technology hangover. Though stock prices for companies like digital consultancy Perficient ( PRFT ) have sagged for some time, buyouts have been sparse as private equity recovers from a high-priced binge. If Perficient’s $3 billion sale to buyout shop EQT on Sunday is any indication, it could be time to pick up the pieces....
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For further details see:
EQT Strikes A Deal For Post-Covid Tech Hangover