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.