Orrick, Herrington & Sutcliffe LLP advised digital jukebox producer, distributor and servicer TouchTunes Interactive Networks, Inc. in connection with the pending acquisition of a controlling interest in TouchTunes by funds managed by Searchlight Capital Partners, L.P. TouchTunes' senior management team will continue to be a significant shareholder in the business.
TouchTunes, headquartered in New York City, is the largest in-venue interactive music and entertainment platform, resident in over 71,000 bars and restaurants across North America and Europe. It is also a leading digital out-of-home advertising platform providing brands the opportunity to target consumers with highly relevant ads and other promotions while in-venue.
Orrick’s cross office team was led by San Francisco-based M&A and Private Equity partner Richard Vernon Smith. The team also included M&A and Private Equity partner Tal Hacohen (NY), Tax partner Grady Bolding (SF), Emerging Companies partner Nancy Chen (SV), Technology Companies Group partner Daniel Yost (SV), International Trade & Compliance partner Harry Clark (DC), Banking & Finance partner Zach Finley (SF), Employment partners Andrew Livingston (SF) and Michael Weil (SF), Technology Companies Group of counsel Elizabeth Lefever (SV), Antitrust & Competition of counsel Patricia Zeigler (DC), Technology Companies Group associate Kenneth Chiu (SV), Corporate associates Jesse Infeld (NY) and Daniel Lopez (SF), and Compensation & Benefits associate Michael Yang (SV).
Here is a link to a news release issued by Searchlight