Nordic Capital-backed Cint lists on Nasdaq Stockholm

The IPO was priced a SEK 72 per share, corresponding to a market capitalisation of roughly SEK 9.8bn (€974m), raising proceeds of approximately SEK 7.6bn (€751m) before transaction costs for the company. 

The GP said the offering attracted "strong interest" from large,  Swedish and international institutional investors and the general public in Sweden, and that it was "substantially oversubscribed".

The listing comes five years after Nordic Capital acquired the company via Nordic Capital Fund VIII. The offering will comprise a total of 82,800,000 shares, which represent approximately 61% of the GP's shares in Cint, leaving it with a 33% stake in the company.

Institutional investors Swedbank Robur Ny Teknik, Handelsbanken Fonder, C WorldWide Asset Management, Danica Pension and TIN Fonder have undertaken to acquire shares worth SEK 2.2bn (€218m), amounting to a 22% shareholding in Cint.

Company
Founded in 1998, Stockholm-based Cint is a B2B software developer specialising in digital insights gathering. It serves more than 2,000 companies and has 14 global offices, including in London, New York, Stockholm, Los Angeles, Atlanta, Barcelona, Singapore, Tokyo, and Sydney. In 2020, it had a turnover of €98m and 350 employees. 

People
Cint – Tom Buehlmann (CEO); Niklas Savander (board chairman). 
Nordic Capital Advisors – Daniel Berglund (partner).  

Advisers
Company – Carnegie (joint global coordinator); Danske Bank (joint global coordinators); ABG Sundal Collier (joint bookrunner); Jefferies (joint bookrunner); Nordea Bank (joint bookrunner); Gernandt & Danielsson Advokatbyrå (legal); Shearman & Sterling (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Technology
• Nordics
• Nordic Capital
• IPO
• Sweden