Announced
Financials
Tags
Auto Services
Acquisition
assistance services
automotive solutions
Completed
Private
United Kingdom
Private Equity
Synopsis
The Carlyle Group sold its stake in RAC, the second-largest roadside assistance provider across the UK, to CVC Capital Partners. Financial terms were not disclosed. Chris Woodhouse, CEO of the RAC, said: “We are really looking forward to working with CVC and our existing partner GIC as we enter the next phase of our development. With their significant experience and long-term capital, we are confident that they are the perfect partners to further our success as one of the UK’s major roadside assistance providers. I would also like to take the opportunity to thank Carlyle for their support over the last four years.”
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