We thought it worth providing this link as well; as Above The Law trawl the blawgasphere for commentary on the changes at Incisive and what APAX intend to do with the American Lawyer Media collection of titles.
For a moment we thought they were gloating but actually it’s interesting how they note that it’s not just the Incisive management who have suffered the big hit
But that doesn?t mean ALM has been a great investment for Apax thus far. From efinancialnews.com:
Apax Partners? losses on its investments in magazine publishers Incisive Media and American Lawyer Media are in the region of $150 million (EUR105 million) it emerged today, marking a rare loss for one of Europe?s most highly regarded buyout firms.
The firm, which has lost control of Incisive and had its equity in ALM cut, is estimated to have so far recorded a combined loss of about GBP60 million ($98 million) on Incisive and $50 million on ALM, according to Financial News calculations.
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and the the vagaries of the market aren’t bypassing ATL either . the article finishes off by saying……….
P.S. We do not consider ourselves exempt from the troubles of the news business. If you?d like to support ATL through advertising on the site or sponsoring an event, please email [email protected]. Thanks!
http://abovethelaw.com/2009/09/incisive_media_american_lawyer_media.php
