Who Owns TouchTunes?
TouchTunes is a leading in-venue, interactive music and entertainment platform that has been providing customers with an enjoyable experience since 1998. The company has grown to become a major player in the music industry, and many people are curious to know who owns TouchTunes. In this blog post, we will explore the answer to this question and provide a comprehensive understanding of the ownership of TouchTunes.
The Brief Answer
The brief answer to the question of who owns TouchTunes is TA Associates. TA Associates is a leading global growth private equity firm that has signed a definitive agreement to acquire the company from funds advised by Searchlight Capital Partners, L.P. The acquisition was announced on March 30, 2022.
A More Comprehensive Understanding
The acquisition of TouchTunes by TA Associates was announced on March 30, 2022. According to the announcement, TA Associates has signed a definitive agreement to acquire the company from funds advised by Searchlight Capital Partners, L.P. This acquisition will provide TA Associates with a majority stake in TouchTunes, and the company will continue to be led by its current management team.
The acquisition of TouchTunes by TA Associates is a strategic move that will allow the company to expand its reach and provide customers with a more comprehensive music and entertainment experience. TouchTunes is a leading provider of interactive music and entertainment solutions, and the acquisition by TA Associates will provide the company with the resources and expertise to continue to innovate and grow.
Related Topics
What is TouchTunes?
TouchTunes is a leading in-venue, interactive music and entertainment platform that has been providing customers with an enjoyable experience since 1998. The company provides a wide range of solutions, including interactive jukebox systems, mobile applications, and digital content. TouchTunes also offers a variety of music and entertainment services, including streaming music, karaoke, and gaming.
What is TA Associates?
TA Associates is a leading global growth private equity firm that has been investing in growth companies since 1968. The firm has a long history of successful investments in a variety of industries, including technology, healthcare, consumer, and financial services. TA Associates has a global presence and has invested in more than 500 companies across the world.
What is Searchlight Capital Partners?
Searchlight Capital Partners is a private equity firm that invests in growth companies across a variety of industries. The firm was founded in 2009 and has offices in New York, London, and Toronto. Searchlight Capital Partners has invested in more than 50 companies, including TouchTunes.
Conclusion
In conclusion, the answer to the question of who owns TouchTunes is TA Associates. TA Associates is a leading global growth private equity firm that has signed a definitive agreement to acquire the company from funds advised by Searchlight Capital Partners, L.P. The acquisition was announced on March 30, 2022, and will provide TA Associates with a majority stake in TouchTunes. The acquisition will also provide TouchTunes with the resources and expertise to continue to innovate and grow.
“We are excited to partner with TA Associates to continue our growth trajectory and expand our presence in the music and entertainment industry,” said TouchTunes CEO, Charles Goldstuck. “We look forward to leveraging TA’s expertise and resources to continue to innovate and provide our customers with the best music and entertainment experience.”
The acquisition of TouchTunes by TA Associates is a strategic move that will allow the company to expand its reach and provide customers with a more comprehensive music and entertainment experience. With the resources and expertise of TA Associates, TouchTunes will be able to continue to innovate and provide customers with an enjoyable experience.
For more information on who owns TouchTunes, please refer to the following sources:
– TouchTunes Announces TA Associates Acquisition
– TA Associates to Acquire TouchTunes from Searchlight Capital Partners
– Searchlight Capital Partners: TouchTunes