Secondary Buyout • Digital Media

TA Associates Acquires TouchTunes

On March 30, 2022, private equity firm TA Associates acquired digital media company TouchTunes from Searchlight Capital Partners

Acquisition Context
  • This is TA Associates’ 4th transaction in the Digital Media sector.
  • This is TA Associates’ 252nd transaction in the United States.
  • This is TA Associates’ 21st transaction in New York.

Explore All 30 Secondary Buyout Digital Media Deals - Search the Database Free


M&A Deal Summary

Date March 30, 2022
Target TouchTunes
Sector Digital Media
Buyer(s) TA Associates
Sellers(s) Searchlight Capital Partners
Deal Type Secondary Buyout
Advisor(s) LionTree (Financial)

Target Company

TouchTunes

New York, New York, United States
TouchTunes operates an out-of-home network of interactive entertainment systems in North America. The Company offers digital-downloading and pay-per-play commercial jukebox to bars, restaurants, retailers, and entertainment centers. TouchTunes was founded in 1998 and is based in New York City.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 341 of 375
Sector: Digital Media 4 of 4
Type: Secondary Buyout 61 of 75
State: New York 21 of 23
Country: United States 252 of 271
Year: 2022 5 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Veracode

Burlington, Massachusetts, United States

Veracode develops products to help secure web, mobile and third-party applications across the software development lifecycle. Veracode's complete set of offerings help customers reduce the risk of data breaches, increase the speed of secure software delivery, meet compliance requirements, and cost effectively secure their software assets- whether that’s software they make, buy or sell. Veracode was founded in 2005 and is based in Burlington, Massachusetts.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Advantice Health

Cedar Knolls, New Jersey, United States

Advantice Health consists of market-leading therapeutic health & wellness brands that are primarily in the skincare, footcare and first aid product categories. The Company’s branded products lead with efficacy and science, and are sold through an assortment of brick-and-mortar and e-commerce retailers across North America. Advantice Health is based in Cedar Knolls, New Jersey.

Buy -

Seller Profile 1

SELLER

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in New York, London, and Toronto.


Deal Context for Seller #
Overall 9 of 16
Sector: Digital Media 1 of 2
Type: Secondary Buyout 2 of 4
State: New York 1 of 2
Country: United States 3 of 7
Year: 2022 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 GRP Group

London, United Kingdom

GRP Group is an independent insurance intermediary. GRP operates retail broking, specialist MGA, network, and Lloyd’s businesses, enabling the Group to serve the growing insurance and risk management needs of its clients. GRP Group was founded in 2013 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Ocean Outdoor

London, United Kingdom

Ocean Outdoor is an operator of premium digital Out-of-Home (OOH) advertising in the United Kingdom, the Netherlands, the Nordics, and Germany. The Company operates a portfolio of large-format marquee OOH assets, including some of Europe’s most iconic outdoor advertising locations such as The Piccadilly Lights and the IMAX in London. Ocean Outdoor was formed in 2004 and is based in London, United Kingdom.

Sell $580M