Z Capital Partners has confirmed the acquisition of Sports Information Group (SIG), the parent company of horse racing publication the Daily Racing Form.
Terms of the transaction were not disclosed, but it has been confirmed that the deal was carried out by affiliates of Z Capital.
Founded in 1894, the Daily Racing Form publishes up to 2,000 pages of statistical and editorial copy daily, while the DRF.com website provides horse racing news, race results, handicapping tools and sales and auction coverage.
In addition, the DRF Bets platform offers online and mobile advanced deposit wagering services to punters in the US market.
“Daily Racing Form has been a proven leader in horse racing for more than 120 years, transforming from a daily print newspaper to a multi-channel media company and comprehensive online betting platform,” Z Capital Group founder, president and chief executive, James Zenni, said.
“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.”
Z Capital Partners is the private equity management arm of Z Capital Group, which earlier this year completed the acquisition of Affinity Gaming.
John Hartig, chairman and chief executive of SIG, added: “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.”