News Column

PRIVATE EQUITY COULD PARK RAC FLOAT

June 19, 2014

MARK KLEINMAN



Like buses, you wait ages for a breakdown recovery firm to arrive on the stock market, then two - the AA and the RAC, the market leaders by revenues - turn up at once.


I'm not convinced, though, that the RAC will make it to the public markets. Sources suggest that there has been interest from private equity firms wanting to exploit its nascent growth in telematics and big data, and heavy recent investment under Carlyle's ownership.


The RAC's float might yet get parked.


Mark Kleinman is the City editor at Sky News @MARKKLEINMANSKY


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: City A.M. (UK)


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