Book-selling Site Alibris Acquired by Oak Hill
By Ina Steiner
Private equity firm Oak Hill Capital Partners has acquired Alibris, an online marketplace for used, hard-to-find and specialty books, music and videos. Alibris CEO Martin Manley will serve as Chairman and Chief Executive Officer, and Alibris COO Brian Elliott will serve as President and Chief Operating Officer. The closing of the transaction is expected to occur within several weeks, and terms were not disclosed.
"Oak Hill Capital has built an unusually deep knowledge of secondary book markets, ecommerce, and the challenges of global distribution," said Alibris' CEO Martin Manley. "They know this market and are committed to helping us grow internationally, strengthen our movie and music business, and increase consumer awareness of our website."
Founded in 1998, Alibris offers over 60 million used, new and out-of-print books to consumers, libraries and retailers from its independent sellers. Through a single interface, Alibris sellers gain access to multiple sales channels including Barnes & Noble, Borders, Amazon.com, Books-A-Million, and Alibris' own retail site.
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to email@example.com.
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