Matt Peltz, Nelson Peltz’s son, has taken a public stake in Intertek, the FTSE 100 testing and certification firm. Lost Coast Collective, the Florida‑based hedge fund he founded after leaving Trian, bought more than 1 per cent of Intertek shares, valuing the position at roughly £88 million. The move signals a new activist angle amid a looming £9.7 billion takeover bid for shareholders.

Intertek has already attracted private‑equity interest from EQT, which raised its offer to £54 a share after the company rebuffed an earlier bid. The British firm is weighing a strategic review that could split its energy and infrastructure arm from the core certification business. Lost Coast praised the board for rejecting the low initial offer and welcomed the higher valuation.

Matt Peltz’s entry follows a broader slowdown of European activist campaigns, with only five in the first quarter—half the number seen a year earlier. By building a stake in Intertek, the investor signals confidence in the company’s restructuring plans and positions himself to influence a potential breakup or sale. The £88 million position could shape Intertek’s future strategy and shareholder value.