M&A Deal Summary

Cint Acquires Lucid

On December 29, 2022, Cint acquired software company Lucid from Guidepost Growth Equity and HarbourVest Partners

Acquisition Highlights
  • This is Cint’s 1st transaction in the Software sector.
  • This is Cint’s 2nd transaction in the United States.
  • This is Cint’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2022-12-29
Target Lucid
Sector Software
Buyer(s) Cint
Sellers(s) Guidepost Growth Equity
HarbourVest Partners
Deal Type Add-on Acquisition

Target

Lucid

New Orleans, Louisiana, United States
Lucid is a research technology (ResTech) platform that delivers programmatic access to first-party survey data. This data can be used to build business strategies, measure the impact of digital advertising, publish research, and more. Lucid was founded in 2010 and is based in New Orleans, Louisiana.

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Buyer(S) 1

Buyer

Cint

Stockholm, Sweden
Category Company
Founded 1998
Sector Internet Software and Services
Employees900
Revenue 267M SEK (2023)
DESCRIPTION

Cint is a software company, develops SaaS and Web-based software solutions to businesses, organizations, and individuals for online market research applications. Cint was founded in 1998 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 P2Sample

Alpharetta, Georgia, United States

P2Sample is a provider of programmatic sampling platform. P2Sample provides advanced sampling automation with an uncompromising respondent experience for data you can trust, maximum dependability, and the agility to adapt to your needs. P2Sample was founded in 2010 and is based in Alpharetta, Georgia.

Buy -

Seller(S) 2

SELLER

Guidepost Growth Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2007
Size Large
Type Sector Focused
DESCRIPTION

North Bridge is an investment firm focused on providing seed, venture, and growth capital to technology enabled companies. Specific areas of interest include communications and infrastructure, software, materials, and digital media. For later stage growth transactions, North Bridge generally looks to acquire majority (or minority) positions to help fund liquidity needs, growth initiatives, or acquisitions. North Bridge was formed in 1994 and has offices in Waltham, Massachusetts and Palo Alto, California.

DEAL STATS #
Overall 18 of 20
Sector (Software) 6 of 7
Type (Add-on Acquisition) 11 of 12
State (Louisiana) 1 of 1
Country (United States) 18 of 19
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Shibumi

Norwalk, Connecticut, United States

Shibumi is a provider of strategic portfolio management software to solve the needs of CIOs, CFOs, EPMOs, and operations executives in complex organizations. The platform is the single source of truth to optimize decision-making and align the execution of program initiatives at every level of the company in corporate business strategy, unlocking billions of dollars in value. Shibumi is based in Norwalk, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 Intellum

Atlanta, Georgia, United States

Intellum is an enterprise learning management system helps in tracking learning content consumption and studying how individuals connect these interactions to their job performance, career development, and overall happiness. Intellum is based in Atlanta, Georgia.

Buy -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.

DEAL STATS #
Overall 122 of 132
Sector (Software) 16 of 16
Type (Add-on Acquisition) 51 of 57
State (Louisiana) 1 of 1
Country (United States) 79 of 83
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Hermetic Solutions Group

Trevose, Pennsylvania, United States

Hermetic Solutions Group is a provider of advanced hermetic packaging and components designed to ensure critical electronic systems function reliably in demanding environments where it is essential to control for factors such as weight, space, vibration, temperature, moisture and off-gassing. Hermetic Solutions Group was founded in 2016 and is based in Pennsylvania, United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Triton International

Hamilton, Bermuda

Triton International engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. Triton International was founded in 1980 and is based in Hamilton, Bermuda.

Sell $13.3B
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