Racing Post sold to private equity company Exponent

The Racing Post has been sold to Exponent Private Equity in a deal that was completed yesterday.

The business, which includes the Racing Post newspaper and its associated weekly print and book titles as well as a range of digital products, had been owned by a consortium led by Dublin-based private equity company FL Partners since 2007.

The Racing Post was launched as a daily newspaper by Sheikh Mohammed, who retains ownership of the trading name, in 1986 and has since developed into a multi-media business. It has offices in London, Newbury and Dublin and employs nearly 300 people.