Case Study

Recorded Books

Distribution

The company

Region: USA
Sector: Consumer
Highlights:

                                £13.5m
Proceeds

Private Equity Manager (GP)

Case study

About the company

Recorded Books is the largest independent acquirer of spoken audio content, selling audiobooks, educational courses and entertainment titles to both public libraries and retail channels.

By co-investing alongside Shamrock Capital Advisors, PIP was able to capitalise on the large and fast-growing audiobook market.

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Actively managed for our shareholders

PIP's global, diversified portfolio gives exposure to many high quality managers, sectors and companies.

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Our investment process

Decades of experience, expertise and deep relationships

We have a rigorous and detailed approach to selecting our private equity managers and assessing deals.

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The information contained on this website is communicated by Pantheon Ventures (UK) LLP, a limited liability partnership incorporated in England and Wales, authorised and regulated by the Financial Conduct Authority in the United Kingdom under laws that differ from Australian laws. The Company does not hold an Australian financial services license that authorises it to provide advice in relation to the acquisition of securities in the Company. Pantheon Ventures (UK) LLP is exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 (“Corporations Act”) in respect of the provision of financial services to wholesale clients in Australia. Pantheon Ventures (UK) LLP relies on the Corporations (Repeal and Transitional) Instrument 2016/396, which grants transitional continuance relief to foreign financial services providers relying on Australian Securities and Investments Commission Class Order 03/1099 in order to provide financial services to wholesale clients in Australia. This website and the information contained on it is intended only for persons in Australia who are both wholesale clients under section 761G of the Corporations Act 2001 (Cth) and professional investors or sophisticated investors for the purposes of section 708 of the Corporations Act.

Before acting on the information contained on this website, you should consider the appropriateness of the information and obtain specific advice from a professional adviser. No cooling-off regime applies to an acquisition of securities in the Company.

Any information provided in respect of the Company is not a prospectus, product disclosure statement or any other form of disclosure document for the purposes of Chapter 6D or Part 7.9 of the Corporations Act and does not purport to include the information required of a prospectus, product disclosure statement or any other form of disclosure document required under the Corporations Act.

I am both a wholesale client under section 761G of the Corporations Act 2001 (Cth) and a professional investor or sophisticated investor for the purposes of section 708 of the Corporations Act:

By clicking on the “Agree” button below, you confirm, represent and warrant to the Company and to the Investment Manager that you are a person in Australia who is both a wholesale client under section 761G of the Corporations Act 2001 (Cth) and a professional investor or sophisticated investor for the purposes of section 708 of the Corporations Act and you agree that you will not forward, distribute or send any materials contained in this website to any person other than persons who are both wholesale clients and professional investors or sophisticated investors in Australia.

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