Mishcon de Reya has advised Victory Park Capital Advisors, LLC (“VPC”) on two recent investments in platforms which acquire, finance and scale digital brands.
Headquartered in Chicago, VPC is an established private capital manager investing in emerging and established businesses across various industries in the U.S. and abroad, who are often unable to access traditional sources of capital. The firm’s differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, and broad credit structuring expertise.
On May 4th, Mishcon advised VPC as it led a $400 million debt and equity round for Berlin based Razor Group, which also included investments from BlackRock and existing shareholders. Razor Group acquires and operates online marketplace merchants, with a focus on category-leading Fulfilment By Amazon sellers.
Mishcon has also advised VPC on Factory 14's funding round which raised $200 million, some of which was immediately deployed to acquire UK based Pro Bike Tool. Factory 14 also works with the world’s best digitally native brands and provides them with technology, capital and know-how to become category champions.
This is the latest in a series of transactions for VPC in the FinTech and e-commerce sectors. Mishcon de Reya recently also advised VPC on the provision of a £80 million facility to leading "buy now pay later" brand Lay-buy.
Saul Sender, Corporate Partner at Mishcon commented: "We were delighted to assist Victory Park on these recent transactions in this innovative and developing area. The online direct to consumer space has clearly benefited from lockdown and the proliferation of acquisition platforms shows the opportunities for well financed operators. Victory Park is an ideal partner for these companies as they have industry know-how and an appetite for providing bespoke financing solutions."
Tom Welch, Partner at VPC commented: “Working with Saul, Sarah, and the rest of the Mishcon team made the completion of these two transactions possible. With their counsel, we were able to structure bespoke credit facilities that addressed the unique needs of each situation. I thoroughly enjoyed the collaborative approach taken and look forward to the next one."
Finance Partner Sarah Spurling and Corporate Partner Saul Sender led the Mishcon team with support from Managing Associates Laura Ogden and Georgia Haller, Associate Sam Shabbir and Trainees Emma Armitage and Hannah Ring.