Fenwick Represents SingleStore in Growth Buyout Led by Vector Capital

Fenwick is representing SingleStore, Inc., a data platform for enterprise AI, in its agreement with Vector Capital Management, L.P., a private equity firm with a nearly three decade track record leading transformational investments in established technology businesses, in which Vector will lead a growth buyout of SingleStore.

Raj Verma, SingleStore’s Chief Executive Officer, and the company’s established management team, who together have decades of experience in leading fast-growth, AI-first enterprise technology companies, will continue to lead the business. Long-term SingleStore shareholders including Google Ventures, Dell Technologies Capital, IBM, and REV Venture Partners will remain as investors in SingleStore. Several Vector Capital limited partners such as Adams Street Partners, J.P. Morgan Asset Management, the External Investing Group (XIG) at Goldman Sachs Asset Management, Angeles Investments, Lexington Partners, and Performance Equity Management will invest alongside Vector Capital VI, LP in SingleStore. Financial terms were not disclosed. More information can be obtained from SingleStore’s announcement.

The Fenwick transaction team includes corporate partners Michael Brown, Ethan Skerry and Katherine Duncan and associates Zachary Portnoy, Jiarui Li, Jared Leung, Christina Scully and Abhi Bukkapatnam; technology transactions partner Jospeh Schenck and associates Julia Arruda, Julia Chung, Aaron Dunn, Phillip Yin and Nick Zakari; executive compensation and employee benefits partner Shawn Lampron and associates Jonathan Stephenson and Rachel Coffey; privacy and cybersecurity partner Ana Razmazma and associate Kayla Tanaka; antitrust and competition partner Tom Ensign, counsel Meredith Mommers and associate Brittney Dimond; and tax partner William Skinner and associate Aaron Liskov.