Business information group Incisive Media has agreed terms to acquire American Lawyer Magazine from a private equity company Wasserstein & Co. This represents the fourth and largest acquisition by Incisive since the company was taken private by Apax Partners last year. The deal is said to triple the revenues of Incisive once completed and the deal also creates a legitimate competitor to some of the offerings of the much larger West and Martindale(Reed) publishing companies.
ALM is the publisher of magazines and newspapers and also manages trade shows directed at the legal profession. Primary among the magazines are The American Lawyer and The Corporate Council. Reuters is reporting the price was around $630mm