EQT AB, through BPEA Private Equity Fund VIII, has purchased Perficient Inc. (Nasdaq: PRFT) for approximately $3 billion.
Perficient is a global digital consultancy. Upon completion of the transaction Perficient’s shares will no longer trade on the Nasdaq, and Perficient will become a private company. In addition, Perficient’s headquarters will remain in St. Louis, Tom Hogan will continue as CEO and the current management team will continue to lead Perficient.
“We have significant experience investing in the digital technology space, and I am confident that this exciting partnership will help strengthen Perficient’s unique position in the marketplace,” comments Hari Gopalakrishnan, partner within the EQT Private Capital Asia advisory team.
BofA Securities is serving as financial advisor and Wells Fargo as financial advisor to Perficient in connection with the transaction. Kirkland & Ellis LLP is serving as Perficient’s legal advisor. JPMorgan and TD Securities are serving as financial advisors to EQT, and Simpson Thacher & Bartlett LLP is acting as legal advisor.