Flexpoint Ford, through its Flexpoint Asset Opportunity Fund II, has made a significant investment in Nettwerk Music Group Inc., an independent music label.
Founded in 1984, Nettwerk partners with artists and looks to connect them with music fans around the world. The company is focused on emerging artists and aims to provide them with resources to navigate digital content production, distribution and promotion. Existing investors Beedle Capital and Vistara Growth also participated in the investment round and will remain shareholders in the company and members of the board of directors.
“The capital from Flexpoint will enable Nettwerk to invest in artists and make music catalog acquisitions that will benefit from the fast-growing independent sector of the music industry,” comments Terry McBride, chief executive officer and co-founder of the company.
Artisan served as buy-side financial advisor and Latham & Watkins and Bennett Jones served as legal counsel to Flexpoint. Cooley and Mogan Daniels Slager served as legal counsel to Nettwerk.