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EQT bids $2.5bn to acquire Perpetual
PUBLIC · EQTJul 01, 2026•8 days ago
Acquiring Company
EQT
Acquired Company
Perpetual
PittsburghSydneyOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel InvestmentManufacturingFashionTextiles
Description
EQT has made a $2.5 billion takeover bid for Perpetual via a scheme of arrangement. However, Perpetual's board rejected the unsolicited proposal, stating it did not provide adequate shareholder value. The bid valued Perpetual shares at $21.64 each, but the board determined it was not in the best interests of their shareholders.
Company Information
Company
EQT
Location
Liberty Avenue
Pittsburgh, Pennsylvania, United States
About
The firm has made more than 40 investments in the sector over the past two decades, with around 20 investments during the past five years. In a statement, EQT said the acquisition will be made through EQT Infrastructure V fund, which held its final close at €15.7 billion ($17.8 billion) early this month. EQT said the healthcare sector is aligned with its investment approach.
Pittsburgh
SydneyOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel InvestmentManufacturingFashionTextiles