Financial Advisor to Near Intelligence, Inc.

Posted on March 14, 2024

GLC Advisors Transaction Closing Announcement

Chapter 11 Reorganization and $50mm Section 363 Asset Sale to

GLC served as the exclusive financial advisor to Near Intelligence, Inc.

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.

Deal Team:

Abe Han  /  Managing Director  /  212.542.4555

Bob Swindell  /  Managing Director  /  212.542.4552

Daniel Grundei  /  Vice President  /  212.542.4549

David Bluth  /  Managing Director  /  303.479.3855

Jim Williams  /  Managing Director  /  303.479.3850

GLC Advisors & Co.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit