Morrison Foerster advised Vector Velocity on a $50 million senior secured credit investment in Outside Interactive, Inc., the leading technology platform for outdoor content, services, events, and experiences. Vector Velocity is the direct credit investment strategy of Vector Capital Management, L.P., a leading San Francisco-based investment firm focused on transformational investments in middle-market technology and technology-enabled businesses.
The transaction reflects Vector Velocity's strategy of providing bespoke credit solutions to technology-enabled businesses with durable competitive positions, recurring revenue, and attractive long-term growth prospects.
The MoFo team advising Vector Capital and Vector Velocity was led by finance partners Dario Avram and Tammy Davies, along with finance associate Patrick Keeler and tax partner Dave Sturgeon and tax associate Raziel Kohanbash.
Read Vector Velocity’s press release.
