Expertise: Mergers & Acquisitions|Restructuring & Recapitalization

Near Intelligence, Inc. Transaction

Transaction Announcement

Near Intelligence, Inc. (NASDAQ:NIR) (“Near”), a global, privacy-led data intelligence platform, was sold to funds affiliated with Blue Torch Finance LLC (“Blue Torch”) for $50.0mm through a Chapter 11 363 asset sale process.

Near curates one of the world’s largest sources of intelligence on people and places. Near’s patented technology analyzes data to deliver insights on approximately 1.6 billion unique user IDs across 70 million points of interest in more than 44 countries. With a presence in California, Paris, Bangalore, Singapore, Sydney, and Tokyo, Near serves enterprises in a diverse spectrum of industries including retail, real estate, QSR, travel, telecom, media, and more.

GLC Technology Coverage Overview

GLC provides senior-level advice and execution throughout the Technology sector. Our professionals have advised on a range of complex transactions including restructuring & special situations, M&A, debt financing and recapitalizations, and our institutional knowledge spans a broad spectrum of sub-sectors in this evolving industry, with a focus on SaaS, Vertical Applications, Online Applications & Services, and IT & Tech-Enabled Services.

Our clients include corporations, creditors, companies, entrepreneurs and financial sponsors.

To learn more, please visit our website: www.glca.com

Deal Team
Abe Han

Abe Han

Managing Director / NYC

Bob SwindellWINDELL – PENDING

Bob SwindellWINDELL – PENDING

Managing Director

Daniel Grundei – PENDING

Daniel Grundei – PENDING

Vice President

Alonso Flores-Noel – PENDING

Alonso Flores-Noel – PENDING

Analyst

Caleb Yang – PENDING

Caleb Yang – PENDING

Analyst

Next Step Energy Solutions Transaction

Transaction Announcement

Next Step Energy Solutions (“NSES”), a leading national provider of turnkey LED lighting system retrofit solutions located in Littleton, Colorado, announced a recapitalization investment by GEF Capital Partners, a Washington, D.C.-based sustainability-focused private equity firm. NSES’ innovative system for delivering and designing energy efficient lighting solutions enables customers to reduce electricity usage and maintenance expenses at facilities, while also decreasing utility and operational costs. Owners and operators of healthcare facilities, commercial real estate assets, education campuses, hotels, and industrial operations rely on NSES to save on energy and operating costs in combination with the pursuit of Net Zero carbon emissions targets. To date, NSES has serviced over 65 million square feet domestically and internationally resulting in $60 million in annualized utility, maintenance, and operational savings and 18.7 million lbs. of avoided CO2 emissions.

We knew GLC was the investment banking partner for us from the very beginning. Their team’s proven, time-tested M&A knowledge and hands-on approach were crucial in navigating the complexities of this transaction. The team at GLC truly understands founder owners and helps them achieve the pursuit of their growth goals. I am very grateful for the partnership we created together.

Chad Lembeck
Co-Founder & CEO, Next Step Energy Solutions

Business Services & Industrials Team

GLC’s Business Services and Industrials Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

Deal Team
Michael Richter

Michael Richter

Managing Director / Denver

Adam Fiedor

Adam Fiedor

Managing Director / Denver

Michael Fleschner

Michael Fleschner

Managing Director / Denver

Mike Armbuster – PENDING

Mike Armbuster – PENDING

Director

Jackson Winn – PENDING

Jackson Winn – PENDING

Associate

Race Technologies Transaction

Transaction Announcement

Race Technologies, an exclusive tech-enabled distribution, supply chain management and technical support partner for high performance Brembo branded braking products and related accessories serving automotive & motorcycle performance and racing communities, has announced its recapitalization by Clavis Capital Partners.

Founded in 1998, Race Technologies has been serving automotive & motorcycle racing, custom build, and enthusiast markets for over 25 years. With facilities on both the west and east coasts, Race Technologies’ fully integrated platform provides supply chain services and high-performance product distribution and support to customers globally.

With Clavis’ backing, Race Technologies will further develop proprietary AI-driven inventory software, support the growth of the Brembo brand in the performance aftermarket, and accelerate Race Technologies position as a leading supply chain and logistics management platform.

To learn more, please visit our website: www.glca.com

I cannot thank the GLC deal team enough for their continuous support and determination over the past several months in accomplishing such a tremendous outcome for our team. GLC is truly a trusted partner and was our advocate from start to finish in this transaction. Their understanding of founder-owned/entrepreneurial businesses coupled with their ability to navigate a sophisticated transaction process far exceeded my expectations. I truly appreciate their entire team’s efforts.

Jamie Trimble
Founder & CEO, Race Technologies

Business Services & Diversified Industries Team

GLC’s Business Services and Diversified Industries Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

Deal Team
Michael Richter

Michael Richter

Managing Director / Denver

Adam Fiedor

Adam Fiedor

Managing Director / Denver

Michael Fleschner

Michael Fleschner

Managing Director / Denver

Mike Armbuster – PENDING

Mike Armbuster – PENDING

Director

Jackson Winn – PENDING

Jackson Winn – PENDING

Associate

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