Announced
Completed
Financials
Tags
United Kingdom
Acquisition
Private Equity
Travel and Tourism
Majority
road services
Friendly
Cross Border
Single Bidder
Public
Privatisation
Scheme
Completed
Synopsis
TowerBrook Capital and Warburg Pincus, American private equity firms, completed the acquisition of AA, a provider of road services for commercial customers for £218m ($289m). “The board, having considered carefully the viability of a range of alternative potential debt and equity refinancing options together with its financial advisers, has indicated to the consortium that it would be willing to recommend a cash offer on the terms of the proposal. Accordingly, the company is engaged in advanced discussions with the consortium in relation to the possible offer,” Automobile Association Developments.
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