Shamrock Capital Completes Sale of RBmedia to KKR
RBmedia Joins with KKR to Build on Momentum Achieved During Partnership with Shamrock
LOS ANGELES – August 31, 2018 – Shamrock Capital, a Los Angeles-based investment firm, today announced that it has completed the sale of its portfolio company, RBmedia, the largest independent publisher of audiobooks in the world, to KKR. Terms of the transaction were not disclosed.
“RBmedia has built a tremendous company in a market that is poised for sustained growth,” said Mike LaSalle, Partner at Shamrock Capital. “As the company embarks on the next phase of its evolution with KKR, we wish them all the best and thank them for their collaboration and partnership over the past three years.”
RBmedia is a global leader in spoken audio content and digital media distribution technology that reaches millions of consumers—at home, in the car, and wherever their mobile devices take them. RBmedia produces exclusive titles and delivers the finest digital content—including audiobooks, streaming video, educational courses, entertainment titles, and much more. Headquartered in Landover, Maryland, RBmedia comprises an ever-expanding group of the best brands in spoken audio content and digital media distribution technology. Find out more at rbmediaglobal.