DLA Piper advised Royal Bank of Scotland in its agreement to sell ALM Media, owned by RBS and Apax Partners, to Wasserstein & Co.

ALM, based in New York, has a portfolio of more than 350 print and legal and publications, including The American Lawyer, The National Law Journal, New York Law Journal, and Law.com.

The deal is expected to close in the third quarter of 2014.

The DLA Piper team was led by Sidney Burke in New York, with Sarah Coucher and Joseph McHale in London.