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Announced

Silver Lake Partners to invest in RAC.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private Equity

Pending

Minority

Private

Acquisition

Auto Services

automotive solutions

assistance services

United Kingdom

Friendly

Cross Border

Synopsis

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Silver Lake Partners, a global technology investment firm, agreed to invest in RAC, a breakdown assistance provider, joining existing investors CVC and GIC. Financial terms were not disclosed. "RAC is a strong brand, and the company has been known for a long time for its quality of service and focus on the customer. CEO Dave Hobday and his team have adopted an ambitious plan to invest in digital technologies to further improve the offering and relationships with customers, and we look forward to assisting them implement it," Simon Patterson, Silver Lake Managing Director.

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