UK - FL Partners acquires Racing Post for £170m
FL Partners, the Dublin-based private equity investment firm, has acquired the Racing Post from Trinity Mirror Plc for £170m. The purchase includes the Racing Post newspaper together with its website, a number of weekly and annual racing publications, and related publications for the betting industry. Debt finance for the transaction was provided by Anglo-Irish Bank. The new owners plan to invest significant resources developing the business, with particular emphasis on additional online and multimedia services as well as expanding into new markets.
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