H.I.G. Capital To Acquire RBmedia From KKR; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Private equity firm H.I.G. Capital is set to acquire audiobook publisher RBmedia from KKR. The terms of the deal were not disclosed. Upon closing, all RBmedia employees will receive a cash payout based on their tenure, with long-term employees earning up to two times their annual salary. The transaction is expected to close by Q4 2023, subject to regulatory approvals.
July 26, 2023 | 11:08 am
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KKR is selling its stake in RBmedia to H.I.G. Capital. The financial terms of the deal were not disclosed.
The sale of RBmedia by KKR to H.I.G. Capital could potentially free up capital for KKR. However, without the financial terms of the deal, it's difficult to assess the exact impact on KKR's financials. The deal is expected to close by Q4 2023, subject to regulatory approvals.
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