RAC owners selecting bankers as they gear up for £5bn listing - report

(Sharecast News) - The owners of the RAC have reportedly started selecting bankers to spearhead a £5bn stock market listing which could become one of the London market's biggest of 2026. According to Sky News, the breakdown recovery service's trio of shareholders have picked investment banks including Goldman Sachs to lead a flotation.

Founded in 1897 as the Automobile Club of Great Britain, the RAC is owned by buyout firms CVC Capital Partners and Silver Lake Partners and the Singaporean state investment fund GIC. It has about 15 million members.

Sky revealed the shareholders' plans to pursue an exit last summer, with a public market listing understood to be their preferred option, although a sale remains a possibility.

The AA is also backed by private equity investors who have appointed bankers to explore an exit.

Sky noted that TowerBrook Capital Partners, Warburg Pincus and Stonepeak, which collectively own the AA, have appointed JP Morgan and Rothschild to review the AA's strategic options.