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 fastestgrowing online and mobile advanced deposit wagering platforms.
Clarity and JEGI co-advised the shareholders of Daily Racing Form on all aspects of the transaction.
The team were responsible for planning and managing a highly competitive sale process which included identifying and engaging multiple prospective acquirers internationally. We led negotiations on pricing and deal structure as well as coordinating due diligence with multiple advisors.
The team delivered an impressive valuation for the business and an outcome which exceeded client expectations.
‘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.’
Chief Financial Officer, Sports Information Group