American Lawyer Media ("ALM") has been acquired by UK's Incisive Media for $630 million.
ALM is the publisher of American Lawyer, National Law Journal and law.com, among other media properties. ALM was previously owned by private equity firm Wasserstein & Co, which acquired the company in 1997. While other publishers like West and Lexis focus on the research needs of the legal market, ALM is the leading provider of information about the business side of law. ALM generated revenues of approximately $200 million in 2006.
Incisive, which is owned by private equity firm APAX Partners, purchased VNU's European trade publication business earlier this year and bought web marketing publisher ClickZ and Search Engine Strategies in 2005. Incisive Media's revenues, $140 million in 2006, will more than double in the deal.
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