International private equity firm Z Capital Partners has informed that it has acquired the Sports Information Group (SIG), operating company of horse racing publisher the Daily Racing Form.
The terms of the transaction were not disclosed by stakeholders, but it was informed that the acquisition had been officially carried out by a Z Capital affiliate.
SIG operates legacy international racing news source the Daily Racing Form (DRF.com), which was first established in 1894 and is considered one of the world’ oldest sporting publications.
Today, the Daily Racing Form’s publishes a reported 2000 pages of racing statistical and editorial content per day. The publisher is considered the leading racing authority for US horse racing.
Updating stakeholders, John Hartig, Chairman and chief executive of SIG, commented on the sale: “Z Capital’s financial strength, experience, insight and operational expertise will help Daily Racing Form and the company’s other platforms continue to enhance and expand our digital offerings and better serve our loyal readers and customers, while staying true to the publication’s rich history and its market-leading brand.”
The acquisition sees private equity group Z Capital further its presence within the gambling/betting sector having completed its outright acquisition of Las Vegas-based casino operator Affinity Gaming for a reported + $550 million at the start of 2017.
Z Capital Group Founder & President James Zenni, commented on the acquisition “We are excited to support Daily Racing Form’s continued digital growth and expansion of its online betting platform as we add DRF to our investment portfolio.”