3i has announced that it has acquired a minority stake of newly issued shares in TouchTunes Interactive Networks for $40 million.  Current majority shareholder VantagePoint Capital Partners will invest an additional $5 million. The total investment will support TouchTunes’ growth strategy and help bolster its product and service offering.

3i’s investment and experience will also enable the company to expand into Asia and Europe.

Founded in 1998, 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.

GCA Savvian Advisors acted as exclusive financial advisor in connection with this transaction.