Wasserstein & Co. has sold Recorded Books — which incorporates their earlier purchases of HighBridge Audio and Tantor Media — to LA-based private equity firm Shamrock Capital Advisors. Shamrock’s investment portfolio includes Isolation Network, the parent company of INScribe Digital. Terms were not disclosed, though Wasserstein was thought to have paid approximately $25 million for Tantor Media at the beginning of this year. Dow Jones says that Shamrock typically invests anywhere from $15 million up to $100 million. The price was not released when Wasserstein first bought Recorded Books from Haights Cross in 2014, either. In the last reported data, […]
