Cadent, LLC Completes Acquisition of AdTheorent Holding Company, Inc.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 21 2024
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Source: Newsfilter
- Acquisition Announcement: Cadent, LLC acquired AdTheorent Holding Company, Inc. for $3.21 per share in an all-cash transaction valued at approximately $324 million.
- Trading Status: AdTheorent's common stock has ceased trading on Nasdaq after the acquisition.
- Advisors Involved: Canaccord Genuity and McDermott Will & Emery LLP advised AdTheorent, while Moelis & Company LLC and Baker Botts LLP advised Cadent.
- About AdTheorent: AdTheorent uses advanced machine learning technology for advertising campaigns and has received several awards for its innovative products and workplace culture.
- About Cadent and Novacap: Cadent connects the TV advertising ecosystem, while Novacap is a private equity firm that invested in Cadent.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
