Thursday, July 05, 2007

ALM Acquired by British Company

From PRNews:

Incisive Media, a leading business information provider, and ALM, a leading integrated media company, today announced that they have signed a definitive agreement under which Incisive Media will acquire ALM from U.S. Equity Partners, L.P. for a total value of approximately $630 million (approximately 315 million pounds Sterling) in cash.

The acquisition is expected to close in the third quarter of this year, upon satisfaction of regulatory approvals and other customary closing conditions.

ALM owns and publishes 33 national and regional magazines and newspapers focused on the legal and real estate communities, including The American Lawyer(R), The New York Law Journal(R), Corporate Counsel(R), The National Law Journal(R) and Real Estate Forum.

ALM generated approximately $200 million in revenues in 2006.

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