EQT AB Agrees to Acquire Perficient Inc. in $3 Billion Deal: A Neutral Look at the $76-per-Share Offer and Perficient's Q1 Earnings

St. Louis, Missouri, USA United States of America
Acquisition price is $76 per share, representing a 58% premium over the closing price of $48.11 on May 3rd.
Deal expected to close by end of 2024, subject to closing conditions, regulatory approvals, and approval by Perficient's shareholders.
EQT AB, a Swedish private equity firm, agreed to acquire technology consulting firm Perficient Inc. in a $3 billion deal.
Perficient provides consulting services to help companies integrate software and technology tools into their systems and has major clients such as Caterpillar, Ford, and Johnson & Johnson.
Perficient reported first quarter earnings with EPS of $0.77 and revenue of $215.3M.
EQT AB Agrees to Acquire Perficient Inc. in $3 Billion Deal: A Neutral Look at the $76-per-Share Offer and Perficient's Q1 Earnings

EQT AB, a Swedish private equity firm, has agreed to acquire technology consulting firm Perficient Inc. in a $3 billion deal. The acquisition price is $76 per share, which represents a 58% premium over the closing price of $48.11 on May 3rd. Perficient provides consulting services to help companies integrate software and technology tools into their systems and has major clients such as Caterpillar, Ford, and Johnson & Johnson.

The deal was unanimously approved by Perficient's board of directors and is expected to close by the end of 2024. It is subject to closing conditions, regulatory approvals, and approval by Perficient's shareholders. The company has operations in North America, India, China, South America, and Europe.

Perficient reported first quarter earnings with EPS of $0.77 and revenue of $215.3M.

EQT AB is part of the BPEA Private Equity Fund VIII. The acquisition marks a significant move for EQT in the technology consulting industry, as Perficient has been providing services to help companies integrate software and technology tools into their systems for over 20 years.

Despite the positive news, it is important to note that there have been conflicting reports regarding Perficient's earnings. While some sources report that the company missed analyst estimates for EPS, others report that revenue came in higher than expected.

It is crucial to approach this story with a neutral perspective and verify all information from multiple reliable sources before drawing any conclusions.


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Confidence

80%

Doubts
  • It is important to verify all information from multiple reliable sources before drawing any conclusions.
  • There have been conflicting reports regarding Perficient's Q1 earnings.

Sources

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

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

The Business Journals Nathan Rubbelke Sunday, 05 May 2024 00:00
  • Unique Points
    • Perficient Inc. will be acquired in a $3 billion deal that will take it private.
    • An affiliate of BPEA Private Equity Fund VIII, a fund with Swedish private equity firm EQT AB, will acquire Perficient.
    • The acquisition price is $76 per share, which is a 75% premium from the closing price of $43.46 per share on April 29.
    • Perficient provides consulting services to help companies integrate software and technology tools into their systems.
    • Major clients include Caterpillar, Ford and Johnson & Johnson.
    • The deal was unanimously approved by Perficient’s board of directors.
    • The acquisition is expected to close by the end of 2024 and is subject to closing conditions, regulatory approvals and approval by Perficient’s shareholders.
    • Perficient has operations in North America, India, China, South America and Europe.
    • Non-U.S. revenue in 2023 was $249 million.
    • Tom Hogan will continue to serve as Perficient’s CEO after the acquisition closes.
  • Accuracy
    • ]Perficient will be acquired in a $3 billion deal that will take it private.[
    • The acquisition price is $76 per share.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains an appeal to authority fallacy when quoting EQT Partner Hari Gopalakrishnan praising Perficient's world class end-to-end digital consulting capabilities and unmatched global delivery. However, since the author is not making an assertion based on this quote but rather reporting it, it does not affect the author's argument or reasoning.
    • EQT Partner Hari Gopalakrishnan praised Perficient for its ‘world class end-to-end digital consulting capabilities and unmatched global delivery.’
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Perficient to be Acquired by EQT for Approximately $3.0 Billion

Business Wire Sunday, 05 May 2024 21:30
  • Unique Points
    • Perficient will be acquired by an affiliate of EQT Asia for approximately $3.0 billion
    • Perficient stockholders will receive $76.00 per share in cash for each share of common stock owned
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains an appeal to authority fallacy in the form of a quote from Jeffrey Davis, Chairman of the Board of Perficient, stating that 'Today's announcement is the result of a comprehensive review by the Board to maximize value for the company and its shareholders.' This statement implies that because it came from someone on the board, it must be true or trustworthy. However, this does not necessarily mean that the statement itself is valid or accurate.
    • Today's announcement is the result of a comprehensive review by the Board to maximize value for the company and its shareholders.
    • This aligns directly with ours, and I look forward to partnering with them as we continue on our global growth journey.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

EQT to Buy Technology Consultant Perficient in $3 Billion Deal

Bloomberg News Now Shiyin Chen Monday, 06 May 2024 04:16
  • Unique Points
    • EQT AB has agreed to buy technology consultant Perficient Inc. for approximately $3 billion which includes debt.
    • Shareholders will receive $76 per share in the sale to BPEA Private Equity Fund VIII, part of EQT.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Perficient earnings missed, revenue topped estimates

Investing.com Monday, 06 May 2024 04:17
  • Unique Points
    • Perficient reported first quarter EPS of $0.77
    • Revenue for the quarter was $215.3M
  • Accuracy
    • ]Perficient reported first quarter EPS of $0.77[
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication