M&A Deal Summary

Wicks Group Acquires Daily Racing Form

On May 25, 2004, private equity firm Wicks Group acquired media company Daily Racing Form from AEP Capital for 70M USD

Acquisition Highlights
  • This is Wicks Group’s 2nd transaction in the Media sector.
  • This is Wicks Group’s largest (disclosed) transaction.
  • This is Wicks Group’s 8th transaction in the United States.
  • This is Wicks Group’s 1st transaction in New York.
Investment Fate
  • Daily Racing Form was sold to a consortium of financial buyers in 2007 for 200M USD.
  • Daily Racing Form was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2004-05-25
Target Daily Racing Form
Sector Media
Buyer(s) Wicks Group
Sellers(s) AEP Capital
Deal Type Secondary Buyout
Deal Value 70M USD

Target

Daily Racing Form

New York, New York, United States
Daily Racing Form is a multi-media information company dedicated to providing premium data driven content and analytical tools to horse racing enthusiasts. Daily Racing Form was founded in 1894 and is based in New York, New York.

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Buyer(S) 1

Buyer

Wicks Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 8 of 33
Sector (Media) 2 of 8
Type (Secondary Buyout) 1 of 6
State (New York) 1 of 8
Country (United States) 8 of 32
Year (2004) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Allegiance Communications

Shawnee, Oklahoma, United States

Allegiance Communications LLC is a regional cable operator providing video, high-speed data and other broadband services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-25 Jobson Healthcare Information

New York, New York, United States

Jobson Healthcare Information LLC is an integrated healthcare information and marketing services provider. Through its diversified, multi-media portfolio of marketing services, information databases, trade publications, medical education programs, events, websites and other digital and traditional media services, JHI is uniquely positioned to reach, educate and influence a highly targeted network of approximately one million healthcare professionals across more than 20 specialties. Jobson Healthcare Information LLC was founded in 1958 and is based in New York city.

Buy -

Seller(S) 1

SELLER

AEP Capital

New York, New York, United States

Category Private Equity Firm
Founded 1990
Size Small
Type Sector Agnostic
DESCRIPTION

AEP Capital LLC is a private equity firm that seeks to invest in middle-market companies throughout North America. The Firm generally seeks to invest $5 to $50 million in companies valued up to $100 million. Areas of interest includes media, entertainment, communications, and business services. AEP Capital LLC is the successor of Alpine Equity Partners. The Firm was originally formed in 1990 and is based in New York City.


DEAL STATS #
Overall 1 of 4
Sector (Media) 1 of 1
Type (Secondary Buyout) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 4
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 UPTV

Atlanta, Georgia, United States

UPTV is an operator of commercial Christian cable television networks, and the only advertiser-supported music television network dedicated to all forms of Christian music and family/inspirational programming. UPTV was founded in 2004 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-22 Thomas Nelson

Nashville, Tennessee, United States

Thomas Nelson, Inc. is a publisher, producer and distributor of bibles, books and multimedia products emphasizing Christian, inspirational and family value themes. Thomas Nelson hosts inspirational conferences called Women of Faith targeting women of all ages and stages in life and Revolve which is geared towards teenage girls. Thomas Nelson, Inc. is based in Nashville, Tennessee.

Buy $473M