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Fairness Opinion Detail

PRFT FOOpen source

Perficient, Inc. to EQT AB

Services/May 2024/BofA, Wells Fargo Securities

Deal Information

Target
Perficient, Inc.
Acquiror
EQT AB
Sector
Services
Target Type
Public
Acquiror Type
Financial
Advisors
BofA, Wells Fargo Securities

Transaction Metrics

Enterprise Value
EV / LTM Sales
EV / LTM EBITDA
16.9x
EV / Fwd EBITDA

Advisor Transaction Comparables

Comparable transactions cited by the advisor, excluding the subject transaction.

Advisor: BofA

EV/LTM Adjusted EBITDA selected range: 13.0x - 16.5x

9 comps
Dec 2023Kin and Carta plcValtech SE--14.7x14.5x
Mar 2023Ordina Holding B.V.Sopra Steria Group--11.9x11.3x
Sep 2021Hexaware Technologies LimitedThe Carlyle Group Inc.--16.3x-
Jul 2021Valtech SEBC Partners LLP----
Mar 2021CapcoWipro Limited----
Sep 2020Virtusa Corp.Baring Private Equity Asia Ltd.--16.2x12.9x
Jun 2019Altran Technologies SASCapgemini SE--11.2x9.6x
Jan 2019Luxoft Holding, Inc.DXC Technology Company--15.3x14.6x
Jul 2018Syntel, Inc.Atos SE--13.1x13.9x
Mean-14.1x12.8x
Median-14.7x13.4x

Advisor: Wells Fargo Securities

EV/LTM Adjusted EBITDA selected range: 13.0x - 16.0x

13 comps
Dec 2023Kin and Carta plcValtech SE--14.7x-
Mar 2023Ordina Holding B.V.Sopra Steria Group--11.9x-
Oct 2022WillowTreeTELUS International--29.2x-
May 2022Mindtree Ltd.L&T Infotech--28.4x-
Nov 2021ProKarma Holdings Inc.Concentrix Corporation--22.2x-
Sep 2021Hexaware Technologies LimitedThe Carlyle Group Inc.--16.3x-
Mar 2021GlobalLogic Inc.Hitachi, Ltd.--43.5x-
Mar 2021CapcoWipro Limited----
Nov 2020PA Consulting GroupJacobs Solutions Inc.--15.3x-
Sep 2020Virtusa Corp.Baring Private Equity Asia Ltd.--16.2x-
Jun 2019Altran Technologies SASCapgemini SE--11.2x-
Jan 2019Luxoft Holding, Inc.DXC Technology Company--15.3x-
Jul 2018Syntel, Inc.Atos SE--13.1x-
Mean-19.8x-
Median-15.8x-