Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 08-10-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | GIC and The Carlyle Group Purchase of RAC Stake | Industry: | Support Services |
| Description: |
A Travers Smith team have advised management on the acquisition by GIC, Singapore's sovereign wealth fund, of a stake in UK roadside recovery group RAC. The transaction sees GIC and The Carlyle Group jointly owning a majority stake in the business with RAC management holding the remaining shares.
RAC is the second largest roadside assistance provider in the UK and has approximately 8 million roadside members as of 30 June 2014. It has a unique heritage going back 117 years and is the UK's most trusted automotive service brand.
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| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Private Equity Investor | Law Firm | Travers Smith |
| Target Company Jurisdiction | United Kingdom | Acquiror Jurisdiction | Singapore |
| Classification: |
Financial Buyer Acquisitions Secondary Buy-Out |
Lawyer | Helen Croke |
