Intrepid announced today that it served as the exclusive financial advisor to The Inception Company (Inception) on securing a significant investment from Spire Capital Partners (Spire Capital). The transaction reflects Intrepid’s second advisory mandate with Inception this year, following a structured capital financing completed with Corbel Capital in August 2020.
Inception (www.inceptioncompany.com), headquartered in Fairfield, N.J. is a technology-driven event production company that builds and supports virtual engagement platforms, primarily serving the life sciences industry. Inception’s Pandotm platform (www.pandomeetings.com) has become the recognized standard for the world’s largest pharmaceutical companies when seeking an alternative for important live meetings or events where engagement among the participants is critical. Such meetings include sales conferences, education seminars, product launches, training initiatives, and advisory boards.
“This is an exciting time for Inception as we take the next step in our evolution,” commented Doug Mack, Founder and Chairman of Inception. “It was a pleasure working with the Intrepid team, who displayed a great amount of tenacity and discipline in arranging and structuring multiple transactions that position our business for continued growth. We believe Spire Capital is an ideal partner for us as we continue to disrupt the live meeting industry with innovative and engaging virtual meeting platforms.”
“We have known the management team at Inception for many years and are pleased to have been able to advise the company on another key transaction in its growth cycle,” said Mike Rosenberg, Senior Managing Director at Intrepid. “Spire Capital’s experience in media and technology uniquely positions the firm as a valuable partner to Inception, especially as the company seeks to capitalize on its momentum expanding Pando’s presence across additional geographies and industry verticals, and ultimately into a SaaS offering.”
Based in New York, Spire Capital is a private equity firm specializing in investments in the technology-enabled business services, communications, media, and education sectors.
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About Intrepid Investment Bankers
Intrepid provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage breeds a culture that embraces teamwork, tenacity and creativity to help our clients win big. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through its active participation in Oaklins, an exclusive global alliance of M&A advisory firms