25th May 2025 10:27
(Alliance News) - 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 GBP4.5 billion. StonePeak had last year invested GBP450 million in the company, at a valuation of GBP4 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 GBP219 million.
AA has previously been owned by Centrica PLC.
By Eric Cunha, Alliance News news editor
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