Swedish investment firm Protean has accepted the takeover offer for Cint, selling its entire stake to the bidding consortium of Triton and Bolero.
The move confirms Protean's support for the deal and removes a significant block of shares from the market, simplifying the path to completion for the acquirers.
The sale increases Protean's realized returns for the year, as the fund cashes out its position in the customer experience platform.
By accepting the bid, Protean aligns itself with the majority of shareholders who have already signaled support for the transaction, reducing the risk of a fragmented ownership structure post-deal.
The acquisition by Triton and Bolero represents a major consolidation in the customer intelligence sector.
The removal of Protean as a shareholder eliminates potential friction in the approval process, allowing the bidders to focus on regulatory clearances and final integration planning.