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EQT enhances takeover bid for Perpetual

PUBLIC · EQTSep 20, 2026

Acquiring Company

EQT AB

Acquired Company

Perpetual

PittsburghSydneyOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel InvestmentManufacturingFinancial ServicesFinanceFashionTextiles

Description

EQT has made an improved takeover bid for Perpetual after the latter rejected an earlier offer of $22.50 a share. Investors are concerned as Perpetual has lost significant mandates and observed a decline in trading multiples. The situation prompts the board to carefully consider the new proposal from EQT.

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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Frequently asked

Who acquired Perpetual?

Perpetual was acquired by EQT AB, based in Pittsburgh. The deal was reported on September 20, 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?

EQT AB's acquisition of Perpetual was reported on September 20, 2026. EQT has made an improved takeover bid for Perpetual after the latter rejected an earlier offer of $22.50 a share. Investors are concerned as Perpetual has lost significant mandates and observed a decline in trading multiples. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Perpetual do?

A breakthrough technology to convert plastic bottles into high quality sustainable filament yarns and garments It is privately held, operating in Manufacturing, and is based in Sydney.

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

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