The publisher of American Lawyer magazine is set to be acquired for $630 million by Incisive Media, a British publisher backed by Apax Partners, the Associated Press reported. The seller is New York buyout shop Wasserstein & Co.
Wasserstein & Co. formed American Lawyer Media Holdings in 1997, and by last year the company was generating annual revenue estimated at $200 million. According to its Web site, ALM produces some 14 magazines and 12 newspapers, along with books, newsletters, Web sites and events. Among its magazine titles are Corporate Counsel, IP Law & Business and IP Magazine.
Credit Suisse represented Wasserstein in the sale. Expect the deal to close in the third quarter.