HeadlinesBriefing favicon HeadlinesBriefing.com

EQT readies higher bid for Intertek after two rejections

Bloomberg Markets •
×

EQT AB is reportedly gearing up to submit a fresh, higher bid for Intertek Group Plc after the testing firm turned down two previous proposals. Sources close to the negotiations said the private‑equity house believes a revised proposal can bridge the valuation gap that has stalled talks. A successful deal would give EQT a foothold in the global product‑testing sector.

The rejected offers underscore the premium Intertek commands as a provider of safety certification and quality assurance services across industries ranging from aerospace to consumer goods. Investors have watched the note that a higher price could pressure EQT’s fund returns but unlock cash flows from Intertek’s contracts. Market analysts anticipate a move in Intertek’s share price once the terms are disclosed.

Should EQT’s revised proposal clear Intertek’s board, the transaction would likely be financed through a mix of debt and equity, a structure common in private‑equity takeovers of industrial service firms. Creditors would scrutinize the leveraged balance sheet, while shareholders weigh the premium against growth prospects. The outcome will set a benchmark for future private‑equity interest in the UK testing market.