Second round auction for £200m Racing Post

The Racing Post is expected to fetch more than £200m after NM Rothschild, the bankers for Trinity Mirror, began selecting a handful of bidders to compete in the second round of the auction. They are thought to be private equity groups, such as Exponent, Veronis Suhler Stevenson and DLJ Merchant Partners. Key to the auction process will be the view of Shekih Mohammed bin Rashid al-Maktoum, the title's former owner, who is thought to have a veto on any deal. (Via The Times)