The Firm is representing KKR in connection with its proposed acquisition of OverDrive, Inc. (“OverDrive”). Financial details of the transaction were not disclosed.
OverDrive is the leading digital reading platform for libraries and schools worldwide. Named one of PCMag’s Best Free Software of 2019 and one of TIME’s Best Apps of 2018, the award-winning Libby is the “one-tap reading app” for libraries. Sora, the student reading app, was honored as one of TIME’s Best Inventions of 2019. Founded in 1986, OverDrive is based in Cleveland, Ohio.
The Simpson Thacher team includes Marni Lerner and Jeff Levine (M&A); Robyn Cho (Credit); Dave Rubinsky, Monisha Bhayana and Caitlin Grimes (Executive Compensation and Employee Benefits); Joseph Tootle and Jasmine Hay (Tax); Lori Lesser and Alysha Sekhon (Intellectual Property); Sara Razi, Ellen Frye and Nicholas Ingros (Antitrust); Krista McManus (Real Estate); and Mike Isby (Environmental).