Photo Credit: Nettwerk Music Group
Nettwerk Music Group announces a strategic partnership with Flexpoint to invest in artists and make music catalog acquisitions.
Rapidly growing independent label Nettwerk Music Group has announced a significant investment and strategic partnership with Flexpoint Asset Opportunity Fund II (Flexpoint). Nettwerk’s existing investors, Beedie Capital, and Vistara Growth, also participated in the investment round and will retain their position as essential 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,” says Terry McBride, CEO and co-founder of Nettwerk. “We’re excited to partner with Flexpoint as we continue to execute our vision of connecting artists with their fans globally.”
Since its founding in 1984, Nettwerk has cemented itself as an independent music label that partners with artists to elevate their careers by connecting them with fans worldwide so they can make a living doing what they love. The company focuses on identifying emerging independent artists and providing them with the necessary resources to navigate the ever-changing digital content production, distribution, and promotion world.
“Nettwerk has been at the forefront of the evolution in the independent music sector, building a compelling catalog of music by offering white-glove services and growth opportunities to independent artists traditionally reserved for superstars,” adds Mike Morris, Managing Director of Flexpoint. “We believe Terry and the team are well positioned to prosper in the rapidly evolving music industry and are excited to help the team execute their vision.”
“As a longtime partner of Nettwerk, we are thrilled to participate in its next phase of growth,” concludes David Bell, Managing Director of Beedie Capital. “The team at Nettwerk are differentiated leaders in a complex industry, and we are excited to support them through continued execution of their unique, artist-centric strategy.”
Flexpoint manages approximately $7.8 billion of assets and specializes in privately negotiated investments in the financial services and healthcare industries. Since its formation in 2005, Flexpoint has completed acquisitions across various investment sizes, structures, and asset classes.