Ropes & Gray Advises 3i on Its Investment in TouchTunes
A team of Ropes & Gray attorneys advised international investment firm 3i on its $40 million investment for a minority stake of newly issued shares in TouchTunes Interactive Networks. The transaction was announced on August 17. TouchTunes is the world’s largest digital interactive out-of-home entertainment network with 50,000 digital jukeboxes located in restaurant and bar establishments across North America.
The Ropes & Gray team was led by New York-based private equity partners Carl Marcellino and Josh Leuchtenburg.