EQT raises Perpetual offer to AUD2.55bn in third takeover approach

EQT, a Swedish private equity firm, has upped its bid for Australian asset manager Perpetual to AUD2.55 billion in what's now its third attempt this month. This move suggests EQT is determined to secure a deal, likely driven by Perpetual's strong performance and growth potential in the asset management sector. If successful, the acquisition could significantly reshape the landscape of the Australian fund management industry, impacting both local and international investors. The escalating bid also underscores the competitive nature of private equity deals in this region.