Swedish private equity firm EQT AB is set to acquire U.S.-based digital consultancy Perficient (NASDAQ:PRFT) in an all-cash deal valued at approximately $3 billion.
Perficient, which will become a private company following the acquisition, saw its shares rocket over 52% in premarket trading on Monday.
EQT is offering $76 per Perficient share, a substantial 58% premium over the firm's last closing price on Friday.
The transaction has been unanimously approved by Perficient's board of directors and is anticipated to be finalized by the end of 2024.
After the takeover, Perficient’s shares will no longer be traded on the Nasdaq exchange and Tom Hogan will remain as the company's CEO, overseeing operations across more than 40 global locations.
“Today marks a momentous next step for our company,” said Tom Hogan, President and CEO of Perficient.
“This is an exciting new chapter that would not have been possible without our employees’ hard work and dedication to our clients, partners, and other stakeholders. EQT’s vision for Perficient aligns directly with ours, and I look forward to partnering with them as we continue on our global growth journey.”