Perpetual (ASX:PPT) confirmed that it received revised nonbinding, conditional, indicative proposals from an affiliate of New York Stock Exchange-listed private equity firm KKR for its wealth management and corporate trust businesses, following media speculation, according to a Monday Australian bourse filing.

Perpetual's board is assessing the proposal.

The proposal and its quantum are not accurately described in the media, the filing said.

The net proceeds shareholders would receive under the revised proposal are uncertain at this stage, and outstanding commercial terms would need to be agreed upon, the company said.

In May 2024, the company entered a scheme implementation deed with an affiliate of KKR to acquire the businesses via a scheme of arrangement for AU$2.18 billion.

Perpetual's shares rose past 1% in recent Monday trade.