Press Release

Kirkland Represents Near, a Global Leader in Privacy-Led Data Intelligence, on Business Combination with KludeIn I Acquisition Corp.

Kirkland & Ellis advised Near Intelligence Holdings, Inc., a global SaaS leader in privacy-led data intelligence on people, places and products, on its business combination with KludeIn I Acquisition Corp. (NASDAQ: INKA), a special purpose acquisition company. The combined business, will be headquartered in Southern California with global offices and coverage in EMEA, Asia Pacific and Southeast Asia, is estimated to have a post-transaction market capitalization of nearly $1 billion, assuming there are no redemptions and the successful private placement of $95 million of common stock prior to the consummation of the transaction. In connection with the transaction, Near has also secured a $100 million committed equity financing facility from CF Principal Investments LLC. Upon closing of the proposed transaction, Near is expected to be listed on Nasdaq under the ticker symbol “NIR”. The transaction is subject to customary closing conditions. 

Read Near’s press release

The Kirkland team was led by transactional partners Daniel Dusek and Joseph Raymond Casey and capital markets partner Tamar Donikyan.