U.S. equity partners sells ALM to incisive media.Incisive Media (London), a portfolio company of investment firm Apax Partners (London) and a provider of information products in four major areas including financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , risk management, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and marketing services, has entered into a definitive agreement to acquire ALM (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) from U.S. Equity Partners (New York) for $630 million in cash. AIM generated approximately $200 million in revenues in 2006. The deal is expected to close in the third quarter of this year. ALAM owns and publishes 33 national and regional magazines and newspapers focused on the legal and real estate markets. Magazine titles include "The American Lawyer," "AmLaw Tech," "GC California" "GC New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. ," HIP Magazine," "Law Firm Inc." and "Law Technology News," among others. Newspaper titles include "Connecticut Law Tribune" "Delaware Law Weekly," "The National Law Journal," "New York Law Journal Founded in 1888, the New York Law Journal is the top-selling legal daily in the United States. The newspaper covers legal news, decisions, court calendars, and legislation, and provides analysis and insight in columns written by leading professionals. ," "New Jersey Law Journal," "Texas Lawyer" and "Pennsylvania Law Weekly," among others. ALM assets also include a book publishing book publishing. The term publishing means, in the broadest sense, making something publicly known. Usually it refers to the issuing of printed materials, such as books, magazines, periodicals, and the like. division, Law Journal Press (New York), print directories, VerdictSearch, ALM Research, Law.com and an events division that produces a range of legal and real estate trade shows, including the LegalTech, E-Discovery and LegalSpace trade shows. Conferences include the Law Firm Management Series, General Counsel Conference, IP Law & Business Briefing, D&O Advisor Briefing and International Briefing. Other ALM units include Insight ALM (Toronto), a provider of continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). products for executives throughout North America, and Law Journal Newsletters (New York), the publisher of 23 monthly business and legal newsletters including such titles as "Law Firm Partnership & benefits Report," "Patent Strategy & Management," "New York Family Law Monthly? "The Corporate Counselor," "e-Commerce Law & Strategy" and "Employment Law Strategist," among others. Incisive Media founder/CEO Tim Weller said the purchase of ALM "will advance Incisive Media substantially towards our strategic goal of creating a leading global business-to-business media company." ALM assets are "extremely complementary to our existing businesses," Weller noted, and the integration of ALM will effectively double the size of Incisive Media. The company had 2006 revenues of approximately 140 million [pounds sterling]. Incisive Media print publications include such titles as "Investment Week," "Real Advisor," "Bloomberg Money," "Hedge Fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" Review," "Financial Marketing," "Risk," "Asia Risk," "Life and Pensions," "Credit," "Post Magazine," "Legal Week," "Professional Broking Bro´king a. 1. Of or pertaining to a broker or brokers, or to brokerage. Redeem from broking pawn the blemished crown. - Shak. ," "Insurance Age" and "Dealing with Technology," among others. The company also produces related books, directories, conferences, exhibitions, training programs and online websites. Also, in June, Incisive completed the acquisition of Central Banking Publications (London), the producer of information for senior central bankers and financial regulators worldwide. No terms were given. Established in 1989, the acquired company produces books, journals, annual directories, online news services, training courses, seminars and conferences. Assets include three quarterly journals, including "Central Banking," "Speed" and "The Financial Regulator." |
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