Gernandt & Danielsson advised Cint in connection with the acquisition of Lucid

Cint Group AB (publ) (“Cint”) announced on 29 December 2021 that Cint has completed the acquisition of Lucid Holdings, LLC (“Lucid”). The consideration amounted to USD 1,070 million, on a cash- and debt- free basis. Cint is a global software leader in digital insights gathering and is listed on Nasdaq Stockholm. Lucid is a programmatic research technology platform that provides access to first-party survey data with respondents in over 100 countries.

The cash consideration for the acquisition was financed through a directed new issue of shares in two tranches amounting to SEK 4,400 million through a so-called accelerated bookbuilding to Swedish and international institutional investors. In addition, Cint raised capital through a USD 120 million debt financing. The remaining part of the consideration was paid through a new issue of shares in Cint to the sellers of Lucid.

Gernandt & Danielsson advised Cint with a team mainly consisting of partner Carl Westerberg, counsel Pär Johansson, senior associates Daniel Sveen, Christopher Escalante and Mikael Bolling (financing) as well as associates Philip Börnå and Alexander Thörnberg (financing).