PE-backed Cint announces intention to float

The offering is expected to provide Cint with proceeds of approximately €75m, which it plans to use for future growth, for general corporate purposes and for opportunistic acquisitions.

The intention to float comes five years after the GP acquired the company via Nordic Capital Fund VIII. Partner Daniel Berglund said in a statement that since then, Cint had "grown fourfold and made significant investments in its technology platform, expanded into new markets and strengthened its organisation".

The listing is expected to be completed during the first half of 2021.

Carnegie and Danske Bank are acting as joint global coordinators, while ABG Sundal Collier, Jefferies and Nordea Bank are joint bookrunners.

Company
Founded in 1998 and based in Stockholm, Cint is a B2B software provider for gathering digital insights. It has 2,500 B2B customers across 72 countries, with the US making up around 50% of the net sales. In 2020, it generated net sales of €98m and EBITDA of €16.2m.

People
Cint – Tom Buehlmann (CEO).
Nordic Capital – Daniel Berglund (partner).

Advisers
Company – Gernandt & Danielsson Advokatbyrå (legal); Shearman & Sterling (legal)

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