Storytel’s Acquisition of Audiobooks.com

Weil, Gotshal & Manges acted as legal advisor to Storytel, while Simpson Thacher represented an affiliate of KKR in the transaction.

The Storytel Group (“Storytel”), one of the world’s largest audiobook and e-book streaming companies, has signed a definitive agreement to acquire Audiobooks.com from KKR for an enterprise value of USD 135 million on a cash and debt free basis.

Audiobooks.com is a market-leading streaming and download service for audiobooks, delivering fast and easy access to 300,000 titles from hundreds of publishing partners to book lovers around the world via the free Audiobooks.com app for Apple and Android. Founded in 2011, Audiobooks.com is now available to listeners in more than 150 different countries and is headquartered in Toronto, Canada.

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. 

LionTree Advisors acted as exclusive financial advisor to Audiobooks.com.

The Simpson Thacher team included Marni Lerner (Picture), Erica Egenes and Sheena Sangal (M&A); Adam Shapiro and Robyn Cho (Credit); Marcy Geller, Jasmine Hay and Matthew Lester (Tax); David Rubinsky and Alan Fenyes (Executive Compensation and Employee Benefits); Lori Lesser, Alysha Sekhon and Samuel Watters (Intellectual Property and Privacy); Krista McManus (Real Estate); Michael Isby (Environmental); and Sara Razi and Nicholas Ingros (Antitrust). Associates Austin Uhm and Melanie Jolson provided valuable assistance.

Involved fees earner: Robyn Cho – Simpson Thacher & Bartlett; Erica Egenes – Simpson Thacher & Bartlett; Alan Fenyes – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Nicholas Ingros – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Marni Lerner – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Matthew Lester – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Sheena Sangal – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett; Adam Shapiro – Simpson Thacher & Bartlett; Samuel Watters – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: KKR;