Founder of private equity firm Apollo Leon
D. Black has acquired Phaidon Press from Richard Schlagman. Black explains in
the announcement, "We have greatly admired Phaidon and the important
contribution the company has made to art and culture. My family and I look forward
to supporting the future growth of the company, including through the ongoing
development of its publishing program, further geographic expansion, and the
launch of digital products."
Schlagman says in the announcement, "The profile of the
ideal buyer in my mind was exceeded in reality by Leon Black and his family.
Self-evidently possessed of immense business acumen, Leon Black is also a man
with a longstanding and deep appreciation for, and affinity with, art and
culture. From my vantage point, this is the perfect combination to guarantee a
great future for Phaidon. I am delighted to hand over this precious baton to a
family with such sensitivity towards Phaidon's products."
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