Kirkland & Ellis is advising digital consultancy Perficient, Inc. (Nasdaq: PRFT) on its $3 billion acquisition by global investment organization EQT. The definitive agreement was announced May 5, 2024. EQT will acquire Perficient through an affiliate of BPEA Private Equity Fund VIII (“EQT Asia”) in the all-cash transaction. Under the terms of the agreement, Perficient stockholders will receive $76.00 per share in cash for each share of common stock owned. The purchase price represents a 75% premium to Perficient’s closing stock price on April 29, 2024, the last unaffected trading day prior to the transaction announcement. The transaction has been unanimously approved by Perficient’s Board of Directors and is expected to close by the end of 2024, subject to customary closing conditions, including approval by Perficient stockholders and receipt of regulatory approvals.
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