Haights Cross Communications has sold Recorded Books to private equity fund Wasserstein & Co., with Northwestern Mutual and Lexington Partners also contributing investment capital, and financing from BNP Paribas. The company’s primary market is unabridged audiobooks for libraries, schools and the retail market, but they also distribute 100,000 ebooks through their One-Click Digital Platform. Recorded Books ceo Rich Freese says in the announcement, “This strategic partnership provides us with the resources to further broaden our content offerings and services for customers, and accelerate our growth into additional global markets.” HCC used to report publicly until they filed, and emerged from, a […]
