JEGI CLARITY acted as sole corporate finance advisor to the shareholders of Daily Racing Form on all aspects of their sale to Z Capital Partners.
Daily Racing Form has been the dominant daily publication in the horse racing industry since 1894 and is considered the go-to resource for the thoroughbred racing industry. Daily Racing Form is the flagship platform of parent company Sports Information Group LLC (“SIG” or the “Company”), a leading multi-media information company focused on providing premium data driven content to the sports industry.
Daily Racing Form publishes up to 2,000 unique pages of statistical and editorial copy every day, in as many as 20 daily editions, 364 days a year. Its companion website, www.DRF.com, is the most heavily-trafficked horse racing destination, providing extensive news coverage, race results, exclusive handicapping tools, as well as sales and auction coverage through DRF Breeding, and access to DRF Bets™, one of America’s fastest growing online and mobile advanced deposit wagering platforms.
This investment will bring Z Capital’s financial strength, experience, insight and operational expertise and will help Daily Racing Form and the Company’s other platforms continue to enhance and expand their digital offerings and better serve readers and customers, while staying true to the publication’s rich history and its market-leading brand.
I can’t say enough great things about our JEGI CLARITY team. They brought a creative approach to positioning the company and guided us in preparing appropriately for the process, presentations and due diligence, working with us each and every step of the way. Furthermore, the JEGI CLARITY team was a lot of fun to work with. Their approach to guiding the bidders helped us achieve a higher price than the board imagined, and we closed the transaction in the timeframe they originally proposed. I would use the JEGI CLARITY team on every transaction in the future.
Ken Kharbanda, CFO, Sports Information Group