Millpond has made an undisclosed investment in Futuri Media. Futuri plans to use the money to invest in new technology innovations for its broadcast partners and potentially acquire other companies.
The Futuri Media transaction represents the fifth platform investment for Millpond Equity Partners which focuses on investing in lower middle market business services companies.
Additional financing for the transaction was provided by JP Morgan Asset Management, Aberdeen Standard Investments, Oxer Capital, First Merchants Bank, management, and original angel investors Zapis Capital Group.
