RAC, the Breakdown Cover and Car Insurance Provider, Set to Select Banks for Upcoming London IPO
RAC, a prominent breakdown cover and car insurance provider, is on the verge of selecting banks to spearhead its initial public offering (IPO) in London, according to sources familiar with the situation.
The nearly 130-year-old company is expected to appoint Goldman Sachs Group Inc., Bank of America Corp., and Barclays Plc to facilitate the potential listing. This move could value the company at approximately £5 billion ($6.9 billion). Lazard Inc. is serving as the financial adviser for this transaction, as per the insiders who requested anonymity due to the confidential nature of the information.
RAC stands out as one of the UK’s leading providers of breakdown cover and car insurance. The company is currently owned by private equity firms, including Silver Lake, CVC Capital Partners Plc, and Singapore’s GIC Pte, as indicated on its official website.
While discussions are still in progress, and details may evolve, the initial report regarding Goldman Sachs’ involvement was first highlighted by Sky News. Representatives from Silver Lake, Bank of America, Barclays, CVC, GIC, Goldman, and Lazard have all declined to comment on the matter.
Copyright 2026 Bloomberg.
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RAC, a prominent breakdown cover and car insurance provider, is on the verge of selecting banks to spearhead its initial public offering (IPO) in London, according to sources familiar with the situation.
The nearly 130-year-old company is expected to appoint Goldman Sachs Group Inc., Bank of America Corp., and Barclays Plc to facilitate the potential listing. This move could value the company at approximately £5 billion ($6.9 billion). Lazard Inc. is serving as the financial adviser for this transaction, as per the insiders who requested anonymity due to the confidential nature of the information.
RAC stands out as one of the UK’s leading providers of breakdown cover and car insurance. The company is currently owned by private equity firms, including Silver Lake, CVC Capital Partners Plc, and Singapore’s GIC Pte, as indicated on its official website.
While discussions are still in progress, and details may evolve, the initial report regarding Goldman Sachs’ involvement was first highlighted by Sky News. Representatives from Silver Lake, Bank of America, Barclays, CVC, GIC, Goldman, and Lazard have all declined to comment on the matter.
Copyright 2026 Bloomberg.
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