Daily Racing Form sold to Z Capital Partners
The parent company of Daily Racing Form has been sold to Z Capital Partners, a private equity management company, the two parties announced on Tuesday.
The deal by Z Capital to purchase Sports Information Group, DRF’s parent, closed on Friday. Terms of the deal were not disclosed by the two sides.
Daily Racing Form, which is headquartered in New York, has been the dominant daily publication for horse racing since the late 19th century. In addition to its website, drf.com, and daily publication, the company currently operates an account-wagering site, DRF Bets, and a handicapping tournament site, DRF Tournaments.
Z Capital Partners has a number of gambling assets, including Affinity Gaming and Golden Gaming. The company currently has $2.3 billion worth of assets under management.
“We are thrilled to join the Z Capital family,” said John Hartig, chairman and CEO of SIG, in a statement. “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.”