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The private equity owners of AA Ltd, the UK’s largest roadside recovery provider, now are prioritising an initial public offering in London, previously having been exploring the alternative of a private sale, the Financial Times reported on Tuesday. As a result, AA could make an IPO as soon as next year, the newspaper said, citing ‘people familiar with the matter’. The FT said the people cautioned that no final decision had been made and other options still could be pursued. AA was listed in London until 2020, when it was taken private by private equity firms TowerBrook Capital Partners and Warburg Pincus LLC. Stonepeak Partners LP later joined the ownership consortium. AA was valued at £4 billion when Stonepeak invested in 2023, the FT said, and the owners recently have been exploring a £5 billion private sale. Suitors have included private equity firm EQT Fund Management Sarl, but the offers received so far haven’t been attractive, the FT sources said. Rival motoring services provider RAC also is considering an IPO in London, but the timetable for this has been pushed back to later in the year, the FT reported back in April. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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