Technology & Media

Intrepid announced today that it acted as exclusive financial advisor to The Inception Company (Inception) and arranged a round of growth financing with affiliates of Corbel Capital Partners (Corbel), a Los Angeles-based investment firm that makes non-control investments in profitable, middle-market businesses.

Inception, headquartered in Fairfield, N.J. is a technology-driven production company that builds and supports virtual engagement platforms, primarily serving the life sciences industry. Inception’s PANDO system has become the recognized standard for the world’s largest pharmaceutical companies when seeking an alternative for important live meetings where engagement among the participants is critical. Such meetings include sales conferences, education seminars, product launches, training initiatives, and advisory boards.

“Inception was growing rapidly prior to the pandemic, but the current situation has highlighted the need for viable solutions when live meetings simply are not possible,” commented Doug Mack, Chairman and majority owner of Inception. “The Intrepid team structured the right financing, found us the right partner, and worked around the clock to complete the transaction in record time. We are now positioned to continue our growth and take advantage of the many opportunities ahead of us.”

“We have known the management team at Inception for many years and were pleased to have been able to assist the company in obtaining the financing it needed to address the dramatic increase in demand for its services,” said Mike Rosenberg, Senior Managing Director at Intrepid. “Corbel quickly recognized Inception’s unique service offering and market position and structured a facility that allowed for maximum flexibility and provided the necessary capital to build out its network of broadcast studios.”