Alibris, the online marketplace for used, hard-to-find and specialty
books, music and movies, has been acquired by Oak Hill Capital
Partners, a private equity fund led by Robert M. Bass. Martin Manley
will continue to serve as Alibris CEO and become chairman; Brian Elliott will
continue as COO and become president.
In a statement, Bill Pade, an Oak Hill partner, said that the company had "conducted extensive research on the used/hard to find/rare book market and related 'long tail' businesses. We are impressed with the position that Alibris has built in this market and with the quality of its management, technology, and business partnerships. We are excited about helping this company grow and prosper."
For his part, Manley said that Oak Hill "has built an unusually deep knowledge of secondary book markets, e-commerce, and the challenges of global distribution. They know this market and are committed to helping us grow internationally, strengthen our movie and music business, and increase consumer awareness of our Web site."
Founded in 1998 and with headquarters in Emeryville, Calif., Alibris offers more than 60 million books.
In a statement, Bill Pade, an Oak Hill partner, said that the company had "conducted extensive research on the used/hard to find/rare book market and related 'long tail' businesses. We are impressed with the position that Alibris has built in this market and with the quality of its management, technology, and business partnerships. We are excited about helping this company grow and prosper."
For his part, Manley said that Oak Hill "has built an unusually deep knowledge of secondary book markets, e-commerce, and the challenges of global distribution. They know this market and are committed to helping us grow internationally, strengthen our movie and music business, and increase consumer awareness of our Web site."
Founded in 1998 and with headquarters in Emeryville, Calif., Alibris offers more than 60 million books.