Wolters Kluwer Sells Legal Book Business to Private Equity Firm

Wolters Kluwer (WK) announced in a September 27 press release that it has signed a binding agreement with Transom Capital Group (Transom) to sell its legal education business for $88 million in cash. WK reports this move “will allow Wolters Kluwer Legal & Regulatory U.S. to further advance its focus on supporting legal professionals with the domain expertise and state-of-the-art solutions that they need.” The legal education business produces student textbooks and digital education materials for law students, and is reportedly profitable with revenues of $33 million in 2020.

So what is Transom? Records show it is a privately held equity company incorporated in Delaware and headquartered in Los Angeles. Transom makes mid-market buyout investments in various sectors, and it focuses on “middle management investment opportunities that exhibit great potential.” Transom was founded in 2008, and started out investing in companies that make audio equipment, concert tee-shirts and promotional items. Transom has a broad and eclectic investment profile and its current portfolio includes, among other companies, Cross Pens, Beauty Quest Group, Bravo Sports, Makie audio, and Scantron.

Although holdings such as Bridge Tower Media may show Transom putting a toe in the publishing pool, academic publishing appears to be a new venture. In a 2017 news story reporting the Cross Pens acquisition, Transom was described as having a “hands-on approach that provides operational involvement and support without overwhelming the management team.”[1] This may come as some comfort to the 50 full-time employees currently working for WK Legal & Regulatory. We will all eagerly await what this deal means for our students and our faculty who rely on WK legal textbooks.


[1] 2017, Nov 16. Transom Capital Acquires A.T. Cross Company: Nation’s oldest and largest manufacturer of writing instruments poised for expansion with growth capital. NASDAQ OMX’s News Release Distribution Channel.  

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