CI&T Inc (NYSE:CINT) has executed a sale and purchase agreement to acquire Ntersol LLC on October 14, 2022. As part of this strategic acquisition, NTERSOL will add more than 170 U.S.-based digital specialists to CI&T including an executive roster of seasoned veterans, a core team of developers and product and business strategists. The completion of this transaction is subject to the satisfaction of customary closing conditions and is expected to happen during the fourth quarter of 2022. Ben Lunka, Sanjay Chadda and Greg Staton of Canaccord Genuity Group Inc. (TSX:CF) acted as financial advisor to Ntersol LLC. Carlos Lobo, Andy Braiterman, Charlie Wachsstock, Gary Simon, M. Shams Billah, Mariana Veiga, Robert Bell, Rita Haeusler, Amina Hassan, Tyler Grove, James Klaiber, Carol Remy and Victor Boccardo of Hughes Hubbard & Reed LLP acted as legal advisor to CI&T Inc. and also worked on the financing for the acquisition, which came by way of loans from Citibank and HSBC.

CI&T Inc (NYSE:CINT) completed the acquisition of Ntersol LLC for approximately BRL 660 million on November 1, 2022. The total consideration of acquisition was BRL 664,652 thousand including BRL 418,007 thousand in cash and BRL 170,774 thousand in share based payment. The remaining balance payable retained for any materialized contingencies will be paid on the second anniversary of the closing date (November 1, 2024), per a fair value amount of BRL 75,096 thousand. With this acquisition, CI&T Inc (NYSE:CINT) will further expand its financial services expertise and capabilities in North America to meet the growing demands of existing and new clients, continuing to offer world-class digital transformation and digital efficiency capabilities at speed and scale.