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EQT to acquire Perpetual with improved offer

PUBLIC · EQTSep 21, 2026about 4 hours ago

Acquiring Company

EQT AB

Acquired Company

Perpetual Limited

PittsburghOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel Investment

Description

EQT AB has submitted a fourth takeover bid for Perpetual Limited, intensifying its months-long pursuit. The offer comes as Perpetual's restructuring has made it a contested target, particularly following a previous agreement by Bain Capital to acquire Perpetual's wealth management division. EQT's move aims to expand its private wealth business significantly.

Company Information

Company

EQT AB

Location

Liberty Avenue

Pittsburgh, Pennsylvania, United States

About

EQT AB is an international purpose-driven investment organization. It is the parent company of BPEA Private Equity Fund VIII ('EQT Ásia') and is known for its strategic investments and acquisitions in various industries. EQT is focused on creating sustainable value and driving growth in its portfolio companies.

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Predictive Intelligence
Strategic

ML-powered predictions for EQT AB's next move

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Perpetual Limited?

Perpetual Limited was acquired by EQT AB, based in Pittsburgh. The deal was reported on September 21, 2026. EQT AB is an international purpose-driven investment organization. EQT AB is publicly traded (EQT) and operates in Other.

When did EQT AB acquire Perpetual Limited?

EQT AB's acquisition of Perpetual Limited was reported on September 21, 2026. EQT AB has submitted a fourth takeover bid for Perpetual Limited, intensifying its months-long pursuit. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Perpetual Limited do?

Perpetual Limited is a global multi-boutique asset management business, emphasizing relevant asset management expertise, clearer lines of accountability, agility, and faster decision-making in the service of their clients. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.