Flexpoint Ford and Shamrock Capital have acquired Podium Entertainment from Presidio Investors, with GoldState Music taking a minority stake. Founded in 2019, Podium has built a catalog of more than 15,000 titles and describes itself as the world's third-largest audiobook publisher. The company focuses on emerging and bestselling authors, including self-published writers, and plans to establish an employee ownership program with Ownership Works. Former Spotify Executive David Kaefer will join Podium's board. The transaction value was not disclosed in the announcement, though it had previously been reported at more than $400 million by people familiar with the matter.