EQT AB Raises Takeover Bid for Perpetual to A$2.55 Billion (US$1.78 Billion)
July 27, 2026
Swedish private equity firm EQT AB increased its takeover offer for Australian financial services company Perpetual to A$2.55 billion (about US$1.78 billion). Perpetual said it has not made a recommendation to shareholders regarding the revised bid, which remains conditional, including completion of Perpetual’s planned sale of its wealth management unit to Bain Capital.
- Buyers
- EQT AB, Bain Capital
- Targets
- Perpetual Limited
- Industry
- Financial Services
- Location
- New South Wales, Australia
- Transaction Type
- Buyout
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