RAC Abandons London Stock Listing in Favor of Private Share Sale
RAC cancels £5bn London IPO as owners pursue private deal. Key shareholders to offload stakes.
POLICY WIRE — London, United Kingdom — The RAC, Britain’s longest-standing breakdown recovery service, has abandoned plans for a multibillion-pound initial public offering (IPO) on the London stock exchange in favor of a private transaction that will see two of its three major shareholders sell their stakes.
The decision comes after the company’s owners, including buyout firms CVC Capital Partners and Silver Lake Partners, along with Singapore’s GIC, had previously aimed for an IPO earlier in 2026. However, the plan has now been put on hold, with the focus shifting toward a private sale instead.
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Earlier reports indicated that the RAC’s shareholders had begun engaging investment banks such as Goldman Sachs to lead the flotation, which was expected to be one of the largest listings in London for 2026. The company, founded in 1897 as the Automobile Club of Great Britain, remains a key player in the UK’s automotive services sector.
Reporting by Policy-Wire (PW)
