PARIS – The Paris office of Reed Smith has advised Claret Partners Ltd. on the €4 million financing of Intersec.

Intersec is a global leader in mobile data and geolocalization, developing innovative and disruptive technology solutions that enable rapid data analysis, location intelligence and artificial intelligence-based decisions for its customers worldwide. This €4 million financing enables Intersec to consolidate its position.

The financing, which took the form of bonds and warrants, closed on 27 September 2023.

Based in London, Claret Capital Partners is one of the leading growth lending funds in Europe, particularly in the technology sector (Claret European Growth Capital Fund III).

The Reed Smith team working alongside Claret Capital Partners was made up of Baptiste Gelpi, partner, Chuanyu Fan, associate, and Audrey Minnie, juriste, for the financing part; Guilain Hippolyte, partner, and Marco Hazan and Marine Deyrolle, associates, for the corporate part.

Cohen & Gresser advised Intersec.