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St. Louis public company sells in $3B deal, to go private

The company said it has entered into a cash deal to be acquired by an affiliate of BPEA Private Equity Fund VIII, a fund with Swedish private equity firm EQT AB.
Credit: DILIP VISHWANAT | SLBJ

ST. LOUIS — Town and Country digital consultancy Perficient Inc. (Nasdaq: PRFT) said Sunday it will be acquired in a $3 billion deal that will take it private. 

The company said it has entered into a cash deal to be acquired by an affiliate of BPEA Private Equity Fund VIII, a fund with Swedish private equity firm EQT AB.

Sunday’s announcement comes less than a week after Bloomberg reported that Perficient was said to be exploring a sale. EQT is to acquire Perficient for $76 per share, which Perficient said is a 75% premium from its closing price of $43.46 per share April 29, the day before Bloomberg’s report about a possible sale.

Perficient, with $907 million in 2023 revenue, provides consulting services to help companies integrate software and technology tools into their systems. Major clients include Caterpillar, Ford and Johnson & Johnson.

Click here for the full story from the St. Louis Business Journal. A subscription is required.


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