Racing Post Sold to Private Equity Firm
Description:
British sporting publication Racing Post reports its sale to Exponent Private Equity.
The deal for the multimedia business, which includes its daily newspaper and several digital products as well as weekly print and book titles, was finalized Sept. 15.
Racing Post was founded in 1986 by Sheikh Mohammed and since 2007 has been owned by the private equity company FL Partners.
"We will continue our policy of investing to enhance the business and to provide our customers with the best possible service," Racing Post chief executive Alan Byrne said. "We are excited by the prospect of working with Exponent whose experience in the media sector will be very helpful in growing our business."