Oak Hill Capital Partners Acquires Alibris

May 08, 2006, 01:00 ET from Oak Hill Capital Partners

    MENLO PARK, Calif., May 8 /PRNewswire/ -- Oak Hill Capital Partners
 announced today that it has acquired Alibris, a leading online exchange for
 used, hard-to-find and specialty books, music and videos. Terms were not
     According to Bill Pade, a Partner with Oak Hill Capital Partners, "We
 have 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."
     "Oak Hill Capital has built an unusually deep knowledge of secondary
 book markets, e-commerce, 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."
     Mr. Manley will serve as Chairman and Chief Executive Officer, and
 Brian Elliott will serve as President and Chief Operating Officer. The
 closing of the transaction is expected to occur within several weeks.
     Jefferies Broadview, a division of Jefferies & Company, Inc., acted as
 Alibris' financial advisor, and Cooley Godward LLP served as legal counsel.
 Paul, Weiss, Rifkind, Wharton & Garrison LLP and Wilson Sonsini Goodrich &
 Rosati served as legal counsel to Oak Hill Capital Partners.
     About Oak Hill Capital Partners
     Oak Hill Capital Partners is a private equity firm with more than $4.6
 billion of committed capital from leading entrepreneurs, endowments,
 foundations, corporations, pension funds and global financial institutions.
 Robert M. Bass is the lead investor. Over a period of nearly 20 years, the
 professionals at Oak Hill Capital have invested in more than 50 significant
 private equity transactions. Oak Hill Capital is one of several Oak Hill
 partnerships, each of which has a dedicated and independent management
 team. These Oak Hill partnerships comprise over $20 billion of investment
 capital across multiple asset classes, including private equity, special
 situations, high yield and bank debt, venture capital, real estate, a
 public equity exchange fund and a global fixed income and equity hedge
     About Alibris
     Founded in 1998, Alibris connects people who love books, music and
 movies to thousands of independent sellers around the world. The company's
 proprietary technology and advanced logistics allow it to offer over 60
 million used, new and out-of-print books to consumers, libraries and
 retailers. 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. In 2005, Deloitte named
 Alibris a Silicon Valley Fast 50 and Technology Fast 500 growth business.
 The company is based in Emeryville, California.

SOURCE Oak Hill Capital Partners