AA owners line up banks to steer path towards £4.5bn exit

AA owners line up banks to steer path towards £4.5bn exit

The three investors that own the breakdown recovery service are lining up JP Morgan and Rothschild to advise on strategic options for the business, Sky News learns.

AA Owners Line Up Banks To Steer Path Towards £4.5bn Exit - Great Yorkshire Radio

Sky News has learnt that JP Morgan and Rothschild are in pole position to be appointed to conduct a review of the AA’s strategic options following a recovery in its financial and operating performance. The AA, which has more than 16 million customers, including 3.3 million individual members, is jointly owned by three private equity firms: Towerbrook Capital Partners, Warburg Pincus and Stonepeak. Insiders said this weekend that any form of corp…