The homeowners of the RAC have begun choosing bankers to spearhead a £5bn inventory market itemizing which might turn out to be one of many London market’s greatest of 2026.
Sky Information has learnt that the breakdown restoration service’s trio of shareholders have picked funding banks together with Goldman Sachs to steer a flotation.
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The RAC, which was based in 1897 because the Car Membership of Nice Britain, is owned by buyout companies CVC Capital Companions and Silver Lake Companions and the Singaporean state funding fund GIC.
It has about 15 million members.
The RAC shareholders’ plans to pursue an exit had been revealed by Sky Information final summer time, with a public market itemizing understood to be their most well-liked possibility, though a sale stays a risk.
The AA can also be backed by personal fairness traders who’ve appointed bankers to discover an exit.
TowerBrook Capital Companions, Warburg Pincus and Stonepeak, which collectively personal the AA, have appointed JP Morgan and Rothschild to evaluation the AA’s strategic choices.
The RAC employs 1000’s of individuals and is one among Britain’s most recognisable client manufacturers.
It’s chaired by the previous Debenhams chief Rob Templeman and run by chief govt Dave Hobday.
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Not one of the RAC’s shareholders may very well be reached for remark.
