Exit Options for John Hancock Bond and Corporate Finance Group: Hanover Communications In... - 28 Strategic Investors

View x

KKR to acquire digital reading platform OverDrive

KKR is to acquire OverDrive, a digital reading platform for libraries and schools, from Rakuten USA, a wholly owned subsidiary of Rakuten, Inc. Financial details of the transaction have not been disclosed. KKR has a long history of successfully investing in market-leading businesses in the digital media and content sectors. KKR is making the investment in OverDrive from its KKR Americas XII Fund. Goldman Sachs & Co. LLC and LionTree Advisors served as financial advisors to KKR and Simpson Thacher and Bartlett served as legal advisor to KKR.

Tags: