|
AA Ltd, a provider of vehicle breakdown recovery services provider, could be set for a stock market return next year, Sky News reported on Saturday. Towerbrook Capital Partners, Warburg Pincus and Stonepeak, which together own AA, are set to turn to bankers to conduct a review of AA’s options. Sky News reported that JPMorgan and Rothschild are the favourites to be appointed to conduct the review. Among the options that could be mulled are a listing, an outright sale, or a disposal of a stake, Sky News reported. Sky News added that any transaction is likely not to occur until next year. A transaction could be valued at £4.5 billion. StonePeak had last year invested £450 million in the company, at a valuation of £4 billion. AA had listed on the London Stock Exchange back in 2014. In November 2020, it agreed to a takeover from a consortium of TowerBrook funds and Warburg Pincus. It valued the roadside rescue firm at £219 million. AA has previously been owned by Centrica PLC. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
