The bidding consortium TriCarbs Bidco has launched a recommended cash offer for consumer insights company Cint at SEK 5.60 per share. The offer price represents a premium of 33 percent compared to Friday's closing price. The bid values the company at just under SEK 2 billion.
The consortium consists of Triton Fund 6, an investor with extensive experience in supporting companies through operational and strategic development; Bolero, the company's largest shareholder; as well as Patrick Comer, CEO of Cint, and Brett Schnittlich, COO of Cint, who founded Lucid, a global research technology firm acquired by Cint in 2021.
The Board of Directors of Cint unanimously recommends that shareholders accept the offer.
Bolero, Patrick Comer, and Brett Schnittlich currently control approximately 34 percent of the share capital and voting rights in Cint.
Completion of the offer is conditional upon it being accepted to such an extent that TriCarbs BidCo becomes the owner of more than 90 percent of the shares in Cint.
Cint Group AB (publ) is a Sweden-based company engaged in the software development. The Company provides a consumer research platform, named Cint, which automates the insights gathering process so that companies can gain access to insights, faster and more costeffectively with unparalleled scale. Cint connects companies seeking insights with global consumer audiences, connected to its platform via hundreds of supply partners. Through its platform, Cint provides its customers in 72 countries the ability to instantly and programmatically connect with millions of global consumers and conduct market research at speed and at scale. The Company has offices in London, New York, Stockholm, Los Angeles, Atlanta, Barcelona, Singapore, Tokyo and Sydney.
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