Lost Coast Collective, founded by Matt Peltz, acquired an approximately £88 million stake in Intertek per a public filing.
The stake is taken as Intertek faces a takeover approach from private‑equity firm EQT, which has made an initial and improved offer.
Lost Coast praised Intertek’s board for rejecting EQT’s first offer, while declining comment on the revised proposal.
In March, Matt Peltz wrote to Intertek’s board highlighting multiple potential deal opportunities.