OverDrive Acquires Kanopy from L Squared Capital Partners

OverDrive Acquires TeachingBooks.net

October 7, 2021

Education

OverDrive, the digital reading platform for libraries and schools, acquired TeachingBooks.net to strengthen curriculum-focused resources for K-12 educators and integrate supplemental materials into OverDrive Education’s Sora app. The acquisition expands OverDrive’s catalog of instructional content and provides educators with over 265,000 curated resources used by tens of thousands of schools and libraries worldwide.

OverDrive Acquires RBdigital Library Business from RBmedia

June 23, 2020

Media & Entertainment

OverDrive, the KKR-owned digital reading platform based in Cleveland, acquired the assets of RBmedia’s RBdigital library business across North America, the United Kingdom and Australia. The deal transfers RBdigital’s library platform to OverDrive to expand its catalog and features for libraries—bringing additional audiobooks and potential magazine content—while RBmedia retains its publishing businesses.

OCLC Acquires cloudLibrary from Bibliotheca

April 2, 2024

Cloud & SaaS

OCLC has acquired cloudLibrary, the digital lending platform and assets of Bibliotheca’s Digital Solutions Group, to expand its digital content services for public libraries. The transaction transfers cloudLibrary staff to OCLC and is intended to strengthen OCLC’s infrastructure and service offerings for libraries worldwide.

L Squared Capital Partners Acquires Kano Laboratories from Gryphon Investors

December 18, 2024

Manufacturing

L Squared Capital Partners has acquired Kano Laboratories, the 85-year-old maker of Kroil penetrating oils and Super Lube synthetic lubricants, from Gryphon Investors. The transaction — led by L Squared's Fund IV with co-investment from select limited partners and participation from Kano's executive leadership team — positions Kano as a platform for add-on acquisitions targeted at specialty chemical and industrial MRO businesses.

Capitala Group Acquires Overdrive Interactive

January 27, 2022

Marketing & Advertising

Capitala Group has acquired Overdrive Interactive, an Allston, Massachusetts–based digital marketing agency, with Wells Fargo Strategic Capital joining as a blue-chip co-investor. The transaction—Capitala's first from its new flagship fund—positions Overdrive to grow organically and via acquisitions, with 7 Mile Advisors acting as sell-side advisor.

L Squared Recapitalizes Lumaverse Technologies

September 7, 2021

Cloud & SaaS

L Squared Capital Partners is leading a recapitalization of Lumaverse Technologies, partnering with existing investor PSG to support the company's next phase of growth. The transaction will provide capital to accelerate Lumaverse’s organic product development and pursue inorganic growth through add-on acquisitions across its suite of constituent management and engagement SaaS products.