Simpson Thacher is representing an affiliate of KKR in connection with its announced sale of RBmedia to an affiliate of H.I.G. Capital LLC. Terms were not disclosed.
RBmedia is a market-leading service for audiobooks and owns the world’s largest premium audiobook catalog, with over 60,000 titles that are distributed across over 50 digital platforms, including Audible, Spotify and Apple Books.
The Simpson Thacher team includes Marni Lerner, Naveed Anwar, Beini Chen, Haley O’Connor, Robert Bloomer and Ellen Gao (M&A); Sophie Staples, Scott Grundei and Mohanad Salaimi (Tax); David Rubinsky, Alisa Tschorke, Hannah Daniels and Damian Gallagher (Executive Compensation and Employee Benefits); Jessica Cohen, Melanie Jolson and Mark Natividad (Intellectual Property); Adam Moss (Credit); and Sara Razi, Preston Miller and Nicholas Ingros (Antitrust). Izaak Lustgarten provided valuable assistance.