ADTH - Cadent LLC Completes Acquisition of AdTheorent Holding Company Inc. | Benzinga
NEW YORK, June 21, 2024 (GLOBE NEWSWIRE) -- AdTheorent Holding Company, Inc. ("AdTheorent" or the "Company") (NASDAQ:ADTH), a machine learning pioneer delivering measurable value for programmatic advertisers, today announced that Cadent, LLC, a leading provider of platform-based converged TV advertising solutions and a portfolio company of Novacap, one of North America's established private equity firms, completed its acquisition of AdTheorent for $3.21 per share in an all-cash transaction that valued AdTheorent at approximately $324 million.
With the completion of the transaction, AdTheorent's common stock has ceased trading and is no longer listed on the Nasdaq Stock Market and will not trade in any other public market.
Advisors:
Canaccord Genuity acted as financial advisor and McDermott Will & Emery LLP acted as legal counsel to AdTheorent in connection with the transaction. Moelis & Company LLC acted as lead financial advisor, and Baker Botts LLP provided legal counsel, to Cadent.
About AdTheorent:
AdTheorent uses advanced machine learning technology to deliver impactful advertising campaigns ...