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RAC owners rev up £5bn float plan as banks take steering wheel
- RAC owners plan a potential £5bn London listing, with Goldman Sachs among the bankers leading the deal.
- The RAC is owned by CVC Capital Partners, Silver Lake Partners and Singapore's GIC, and has around 15 million members.
- Sky News says the banks overseeing the listing include Goldman Sachs as part of the flotation plan.
- The RAC is a long-standing British breakdown service with strong brand recognition and a large membership base.
- The AA and other groups have also attracted banker involvement as potential exits are explored.
- The RAC's arrangement could become one of the London market's largest listings in 2026.
- RAC's ownership includes a mix of private equity and a state-backed investor from Singapore.
- The planned listing follows Sky News reporting on last summer about the exit strategy.
- The RAC employs thousands and has a broad member base, signaling scale for a potential flotation.
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