Stonepeak to invest £450m in TowerBrook and Warburg Pincus-backed AA.

Stonepeak, an alternative investment firm, agreed to invest £450m ($572m) in TowerBrook and Warburg Pincus-backed AA, a provider of roadside assistance. “We are delighted to welcome Stonepeak as a new shareholder in the AA, as they bring a wealth of skills and expertise in transportation and critical infrastructure. We look forward to working with them and our current owners, TowerBrook and Warburg Pincus, as we embark on the next stage of our strategy. We have strong momentum, having recently reported positive revenue, profit, and customer growth, and we are excited about the future prospects of the business. This investment allows us to further deleverage whilst continuing to invest in our customers and people as we build a more digitised service offer to create long-term value for all our stakeholders," Jakob Pfaudler, AA CEO.