RAC owners rev up plan for £5bn sale or stock market float

The owners of the RAC volition adjacent week motorboat a process expected to culminate successful a £5bn merchantability oregon banal marketplace listing of the breakdown betterment work aboriginal successful 2026.

Sky News has learnt that the RAC's shareholders person arranged a quality parade of concern banks to instrumentality spot successful the coming days arsenic they hole to offload their investment.

The RAC, which was founded successful 1897 arsenic the Automobile Club of Great Britain, is owned by buyout firms CVC Capital Partners and Silver Lake Partners and the Singaporean authorities concern money GIC.

It has astir 15 cardinal members.

The RAC shareholders' plans to prosecute an exit were revealed by Sky News past summer, with a nationalist marketplace listing understood to beryllium their preferred option.

The AA is besides backed by backstage equity investors who person appointed bankers to research an exit.

Towerbrook Capital Partners, Warburg Pincus and Stonepeak, which collectively ain the AA, person appointed JP Morgan and Rothschild to reappraisal the AA's strategical options.

The RAC employs thousands of radical and is 1 of Britain's astir recognisable user brands.

It is chaired by the erstwhile Debenhams main Rob Templeman and tally by main enforcement Dave Hobday.

None of the RAC's shareholders could beryllium reached for remark connected Friday.