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BtoB

Wasserstein retains Credit Suisse to explore strategic options for ALM

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New York—Private-equity firm Wasserstein & Co. on Wednesday announced that it has retained Credit Suisse as its exclusive financial adviser to assist in exploring strategic options, including a possible sale, for its investment in ALM, a b-to-b media company catering to legal and business professionals.

ALM, which was formed in 1997, publishes 34 national and regional magazines, including The American Lawyer, Corporate Counsel, The National Law Journal and Real Estate Forum. ALM’s Law.com is one of the top legal news and information networks.

“ALM’s established 10-year track record of success, its pre-eminent market positions and the attractive environment for business information assets have combined to make this an opportune time to explore our alternatives,” said Anup Bagaria, vice chairman of Wasserstein & Co., in a news release.

—Matthew Schwartz

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