In digital consultancy landscape, Perficient, Inc. has entered into a definitive agreement to be acquired by EQT AB, a purpose-driven global investment organization, in a deal valued at approximately $3 billion. This acquisition marks a significant milestone for both entities, promising to reshape the future of digital consultancy services.
Perficient, a leading global digital consultancy firm, is set to be acquired by an affiliate of BPEA Private Equity Fund VIII, known as EQT Asia, part of EQT AB. The all-cash transaction will provide Perficient stockholders with $76.00 per share, representing a 75% premium over the closing stock price on April 29, 2024, and a 51% premium on the 30-day volume-weighted average share price ending on the same date.
Jeffrey Davis, Chairman of the Board of Perficient, highlighted the board's comprehensive review process aimed at maximizing value for the company and its shareholders. He expressed pride in Perficient's role in delivering innovative solutions to help enterprises and brands succeed. Tom Hogan, President and CEO of Perficient, regarded the acquisition as a momentous next step, acknowledging the hard work and dedication of Perficient's employees.
Hari Gopalakrishnan, Partner within the EQT Private Capital Asia advisory team, praised Perficient for its world-class digital consulting capabilities and global delivery. He emphasized EQT's commitment to supporting Perficient's growth and strengthening its unique market position.
The transaction, unanimously approved by Perficient's Board of Directors, is expected to close by the end of 2024, subject to customary closing conditions, including approval by Perficient stockholders and receipt of regulatory approvals.
Following the closure, Perficient will transition from a publicly traded company on NASDAQ to a private entity, leveraging EQT's resources and expertise to accelerate its growth trajectory.
The acquisition of Perficient by EQT is poised to create a powerhouse in the digital consultancy sector, combining Perficient's innovative approach with EQT's strategic vision and investment prowess. As the deal progresses towards completion, the industry watches with anticipation, expecting a new era of digital transformation leadership to emerge.
