UPDATE June 9, 2020: New Chapter Begins for OverDrive as Part of Private Equity Firm KKR (Crain’s Cleveland Business) ||| OverDrive Blog Post

From KKR:

“KKR is delighted to be investing in OverDrive, a premier digital content platform that serves libraries and library patrons around the world,” said Richard Sarnoff, Member at KKR.

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“OverDrive is very excited to work with the world-class KKR team due to their track record of accelerating digital media and technology businesses in global markets,” said Steve Potash, founder and CEO of OverDrive. “This provides access to an extraordinary network of capabilities to empower our institutional partners for the benefit of the communities and readers they serve.”

KKR is making the investment in OverDrive from its KKR Americas XII Fund.