H.I.G. Capital Signs Definitive Agreement to Acquire RBmedia
Summary
Headquartered in Landover, Maryland, RBmedia is a leading independent publisher of audiobooks and spoken content, with a digital retail and library distribution network that reaches millions of listeners around the globe. The Company’s award-winning catalog of more than 60,000 titles is available through more than 50 digital listening platforms, including Audible, Spotify, Apple Books, Google Play, Scribd, Storytel, OverDrive, Hoopla, and others. Capital.” “Audiobook consumption continues to experience rapid growth as consumers increasingly embrace digital storytelling formats,” said Aaron Tolson, Managing Director at H.I.G. “We are excited to partner with Tom and the RBmedia team as the Company continues to shape the audiobook landscape and deliver highly desired spoken word content to listeners around the world.” “Its been a privilege to watch all of RBmedia’s talented employees deliver on their ambitious plan to build a leader in spoken word and audiobooks over the past five years,” said Ted Oberwager, a Partner who leads the gaming, entertainment, media and sports verticals within KKR’s Americas Private Equity business. The company’s powerful digital retail and library distribution network reaches millions of listeners around the globe—at home, in the car, and everywhere their mobile devices go.