BOSTON, March 3, 2008 – Arlington Capital Partner’s acquisition of and investment in the Daily Racing Form has been selected as one of eight notable middle-market leverage buyouts and exits by The Deal in its annual “Deals of the Year” issue.
On October 19, 2007, Arlington Capital Partners acquired a majority interest in Sports Information Group LLC, which owns the Daily Racing Form, the dominant daily print publication in the horse racing industry and the owner of other online media outlets such as StatFox, Head2Head and FFChamps, in a leveraged buyout. Golenbock Eiseman Assor Bell & Peskoe LLP represented the selling private equity company, Wicks Communications & Media Partners, and the target. GE Capital led the credit facility that included lenders CIT Corporate Lending, Merrill Lynch Capital, Goldman Sachs and Wells Fargo. Liberty Mutual Insurance Company was a minority co-investor in the transaction in partnership with Arlington Capital.
Goodwin Procter represented Arlington Capital Partners in the transaction. The deal team included Janet Andolina, James A. Hutchinson, Bruce J. Rader, William J. Weiss and Eric C. Willenbacher.
About Goodwin Procter
Goodwin Procter LLP is one of the nation’s leading law firms with more than 850 attorneys in offices in Boston, Los Angeles, New York, Palo Alto, San Diego, San Francisco, and Washington, D.C. The firm’s core areas of practice are corporate, litigation and real estate, with specialized areas of focus that include financial services, private equity, technology, REITs and real estate capital markets, intellectual property, tax and products liability. Information may be found at www.goodwinprocter.com.
Goodwin Procter’s Private Equity Practice focuses on buyouts, recapitalizations and portfolio company transactions, representing both single investors and “clubs.” The firm has over 100 attorneys that cover the full life cycle of clients’ investments — from fund formation to exit and everything in between. Goodwin Procter attorneys are particularly known for structuring innovative, tax-advantaged solutions for clients and for their practical, client-oriented approach. In 2007, the firm was named among the nation’s top ten law firms for Buyouts & Venture Capital Investment and for Fund Formation by Chambers USA, based on feedback from clients and peers.