NEW YORK, June 28, 2023 – GMF Capital (GMF), the household workplace for Gary Fegel and a number one non-public funding agency, at present introduced it has accomplished the acquisition of Motorsport Community Media LLC (MSNM), a worldwide digital media platform in motorsport and automotive, for an undisclosed sum.

Phrases of the acquisition embody GMF Media, an affiliate of GMF Capital, buying the controlling majority stake in MSNM, with an possibility to purchase the remaining minority curiosity at a later date.

MSNM, with 40 million-plus month-to-month customers and an lively social media neighborhood of greater than 15 million followers, is the world’s largest impartial motorsport and automotive media platform.

Total, the almost 50 flagship motorsport and automotive digital properties now beneath GMF management embody racing manufacturers reminiscent of Motorsport.com, Autosport, Motorsport-Complete, and GPOne, in addition to automotive business manufacturers reminiscent of Motor1.com and InsideEVs.com.

The deal additionally contains the Motorsport Community model identify, in addition to Motorsport.television, the main video platform for stay and on demand streaming, and the Autosport Awards, the world’s premier motorsport racing annual awards ceremony.

“We’re excited to amass Motorsport Community Media’s spectacular, world-class portfolio of media belongings, that are primed for vital development with the surging recognition of motorsport, notably Formulation 1, within the U.S. and internationally,” mentioned Gary Fegel, Founder and Principal of GMF Capital. “We are going to leverage the manufacturers’ market-leading place throughout the motorsport and automotive industries and push the enterprise to the middle of fandom. Our acquisition will enable the enterprise to aggressively pursue new development alternatives, which can profit workers, advertisers, companions, and tens of thousands and thousands of customers worldwide.”

The acquisition is the primary for GMF within the sports activities, automotive, and media class. Since its inception in 2013, GMF Capital and its associates have invested greater than $5.5 billion primarily within the areas of personal fairness, actual property, and various investments.

“Right this moment’s announcement marks the subsequent thrilling chapter for Motorsport Community and our main media enterprise,” mentioned James Allen, President of the Motorsport Community. “We now have had vital acquisition curiosity in our media belongings through the years however present in GMF Capital a purchaser that actually values what we’ve got constructed and shares our imaginative and prescient for the longer term. The media franchise has continued robust efficiency, and we imagine it is going to thrive beneath GMF Capital’s course.”

About GMF Capital

GMF Capital was established by Gary Fegel in 2013 as a single-family workplace to take a position capital on behalf of himself, his household and like-minded buyers. Since its inception, and with workplaces in New York Metropolis and Switzerland, GMF Capital and its associates have invested greater than $5.5 billion primarily within the areas of personal fairness, actual property, and various investments. Previous to founding GMF Capital, Fegel was a Senior Companion at Glencore Plc, one of many world’s largest commodity buying and selling and mining firms.

For added details about GMF Capital, please go to www.gmfcapital.com.

Advisors
Arnold & Porter Kaye Scholer LLP served as authorized counsel to GMF Capital. Snell & Wilmer LLP served as authorized counsel to Motorsport Community LLC.

Media Contacts:

For GMF Capital:

data@gmfcapital.com

zach.groen@finnpartners.com

For Motorsport Community:

mediarelations@motorsport.com