Transom Capital Group, a operations-focused middle market private equity firm, has acquired Wolters Kluwer’s Legal & Regulatory U.S. Legal Education business.
Following the deal, the business will be renamed Aspen Publishing and is a legal eduction content and digital learning service brand. Aspen is known for its “red-and-black” casebooks and legal textbooks authored by deans and professors and sold in multiple print and digital channels. The firm also sells directly to schools and libraries.
“Aspen Publishing is a long-standing trusted brand providing best-in-class content in the legal education market,” added James Oh, managing partner at Transom. ” We look forward to putting Transom’s financial and operating resources to work in partnership with the team to grow and continue its innovation and market leadership in the legal education market.”
Kirkland & Ellis acted as corporate legal advisor and Perkins Coie LLP acted as the financing legal advisor to Transom. Varagon Capital Partners provided the debt financing for the transaction.