Francisco Partners and H.I.G. Capital have acquired RBmedia, the leading audiobook publisher, aiming to capitalize on the expanding audiobook industry and enhance the company's growth trajectory.

Information on the Target

RBmedia, headquartered in Landover, Maryland, is the world's leading audiobook publisher, boasting a remarkable catalog of over 66,000 titles. Founded in 1979, the company has significantly expanded its offerings, doubling its content over the past five years to provide diverse choices to its audience. RBmedia's audiobooks are available through more than 50 digital listening platforms, including major players such as Audible, Spotify, Apple, Google Play, and OverDrive, reaching millions of listeners globally.

Industry Overview in the U.S.

The audiobook industry in the United States has experienced impressive growth, driven by a shift in consumer preferences towards digital media and increased mobile accessibility. The rise of smartphones and dedicated audiobook platforms has spurred the consumption of audiobooks, with many consumers preferring the convenience of listening over reading. Audiobooks now appeal to a broader demographic than ever before, including younger audiences who seek diverse multimedia content.

As of 2023, the U.S. market for audiobooks is projected to continue its upward trajectory, with revenue expected to grow consistently. Factors such as improved technology enabling better audio quality, the expansion of subscription s