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AA and RAC’s PE owners eye exits

privateequitywire

5 months ago

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The private equity owners of the UK’s two largest roadside recovery businesses, the AA and the RAC, are moving toward potential exits next year, with both companies targeting valuations of around £5bn, according to a report by the Financial Times.
The AA, controlled by TowerBrook Capital Partners, Warburg Pincus, and Stonepeak, is exploring a sale, with Rothschild and JPMorgan advising on strategic options. Expressions of interest from private equity and strategic buyers have reportedly emerged...

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