ARLINGTON CAPITAL ACQUIRES DAILY RACING FORM AND SPORTS ENTHUSIAST MEDIA
Arlington Capital Partners, a Washington, DC-based private equity fund, announced today the formation of Sports Information Group LLC, and its acquisition of Daily Racing Form LLC and sister company Sports Enthusiast Media from an entity controlled by The Wicks Group of Companies, LLC. Terms of the transaction, which was completed October 19, were not disclosed.
"Arlington is excited to invest in the Daily Racing Form, which has a distinguished 113-year history and today remains the clear market leader for news, information and analytics in the North American thoroughbred industry" said Jeffrey Freed, a Partner at Arlington.
Daily Racing Form will continue to be headed by chief executive Brent Diamond. The entire publishing and editorial management team will stay intact, with longtime company executive Jim Kostas promoted to President, Steven Crist remaining as DRF's Publisher and Rich Rosenbush continuing as DRF's Editor-in-chief..
"Arlington Capital is poised to take Daily Racing Form to new heights," said Diamond. "We're very excited about their investment and commitment to further grow and expand the strong brand of this company." "DRF will continue to be an independent voice for thoroughbred racing news and information," added Crist.
Sports Information Group will be just the seventh owner of Daily Racing Form since it was founded in 1894. Purchased in 1922 by Triangle Publications, the property was owned by the Annenberg family for most of the 20th Century before being sold to Rupert Murdoch in 1990 and then to K-III (later Primedia) in 1992. Crist put together an investment group headed by Alpine Capital Group to buy Daily Racing Form from Primedia in 1998 and Alpine sold the company to The Wicks Group in 2004.
About Arlington Capital Partners:
Arlington Capital Partners (www.arlingtoncap.com) is a Washington, DC-based private equity fund with over $1 billion of committed capital focused on middle market buyout investment opportunities in growth industries including: media and information services, healthcare services, aerospace/defense, business services and outsourcing, and education.
The firm's professionals have a unique combination of operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company's position as leading competitors in their field.