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).