Nordic Capital buys Cint from Cipio, Creandum and Prime Ventures

The investment was made through the GP's 2012-vintage €3bn Nordic Capital Fund VIII and provided an exit for the founder, employees and individual investors, in addition to the three aforementioned backers.

Cint's current management team will remain at the helm of the company, supported by Nordic Capital.

For Cipio Partners, the sale of Cint marks the 19th exit from its current Cipio Partners Fund VI.

Previous funding
Creandum became the first VC backer of Cint in June 2007, when it invested $3m of early-stage capital. Three years later, Creandum led a $10m funding round alongside Prime Technology Ventures, which invested through its PTV III fund.

Cipio joined Cint's circle of investors in 2013, when the Luxembourg-based GP invested €4m for a significant minority stake.

Company
Founded in 1998, Stockholm-based Cint is a software developer specialising in online research products.

Its main product is the OpinionHub panel marketplace platform, which connects market research firms and other companies looking for market insights with businesses that own consumer panels.

Cint has 13 offices across Europe, North America and the Asia-Pacific region, employing a staff of 140.

People
Nordic Capital – Fredrik Näslun (partner).
Cipio Partners – Roland Dennert (managing partner).
Cint – Morten Strand (CEO).

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• Topics
• Buyouts
• Nordics
• Technology
• Exits
• Secondary buyout
• Sweden
• Nordic Capital
• Creandum
• Prime Technology Ventures