Apollo CEO Scoops Up Art Book Publisher Phaidon Press

Law360, New York (October 9, 2012, 3:11 PM EDT) -- Leon D. Black, the CEO of private equity giant Apollo Global Management LLC, has picked up London-based art book publisher Phaidon Press Ltd. and plans to significantly grow its international and digital businesses, the company announced Monday.

The deal takes the publishing house from Richard Schlagman, who has owned it for 22 years, according to a statement. Financial details and other terms of the deal were not disclosed.

Spokeswomen for Phaidon Press declined to comment further, and a representative for Black could not immediately be reached...
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