KKR’s Acquisition of RBmedia

Goldman Sachs & Co. LLC is serving as financial advisor to KKR on the transaction, with Simpson Thacher & Bartlett LLP serving as legal advisor. LionTree is serving as financial advisor to RBmedia on the transaction, with Cooley LLP serving as legal advisor.

KKR, a leading global investment firm, and RBmedia, a leading digital audiobook and related spoken content producer, signed a definitive agreement under which KKR will acquire RBmedia from Shamrock Capital. Financial details of the transaction were not disclosed.

RBmedia is the largest independent publisher of audiobooks in the world with a catalogue of more than 35,000 titles spanning all genres – from romance to business to sci-fi – with thousands of works being added each year. RBmedia’s collection spans best-sellers to award winners to emerging works from up-and-coming authors. The company also distributes content to consumers directly through two divisions: Audiobooks.com, a leading audiobooks subscription service, and RBDigital, a state-of-the-art cloud-based digital media platform for libraries and library patrons. RBmedia reaches consumers through distribution agreements with an array of platform partners such as Audible, Google, and Rakuten.

The Simpson Thacher team includes Marni Lerner (Picture) and Jihyun Chung (M&A); Adam Shapiro (Credit); Dave Rubinsky, Monisha Bhayana and Caitlin Fitzgerald (Executive Compensation and Employee Benefits); Rob Holo, Sophie Staples and Sarah Julian Duffy (Tax); Lori Lesser, Marcela Robledo, Amber Harezlak and Alexander Moser (Intellectual Property); Sara Razi, Ellen Frye, Kelly Karapetyan and Kenneth Ehrhard (Antitrust); Krista McManus (Real Estate); Mike Isby (Environmental) and Lawton Salley.

Cooley advised digital audiobook producer RBmedia with Ray LaSoya (Picture), Josh DuClos, Joe Kaczorowski, Matt Beaudoin, Dara O’Neill, Todd Gluth, Adam Ruttenberg, Joshua Friedman, Ross Eberly, Chris Mayer-Dempsey, Tanisha A. James, Adam Ruttenberg, Patrick Flanagan, Marlena Schultz and William Donovan, Jr.

Involved fees earner: Ray LaSoya – Cooley LLP; Josh DuClos – Cooley LLP; Joe Kaczorowski – Cooley LLP; Matt Beaudoin – Cooley LLP; Dara O’Neill – Cooley LLP; Todd Gluth – Cooley LLP; Chris Mayer-Dempsey – Cooley LLP; Adam Ruttenberg – Cooley LLP; Joshua Friedman – Cooley LLP; Ross Eberly – Cooley LLP; Tanisha James – Cooley LLP; Patrick Flanagan – Cooley LLP; Marlena Schultz – Cooley LLP; William Donovan Jr. – Cooley LLP; Marni Lerner – Simpson Thacher & Bartlett; Jihyun Chung – Simpson Thacher & Bartlett; Adam Shapiro – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Sarah Julian Duffy – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Amber Harezlak – Simpson Thacher & Bartlett; Alexander Moser – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Kenneth Ehrhard – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett;

Law Firms: Cooley LLP; Simpson Thacher & Bartlett;

Clients: KKR; RBmedia;


Author: Ambrogio Visconti