Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / AA in talks over possible sale to consortium

AA in talks over possible sale to consortium

Thu, 24 Sep 2020 | BUSINESS NEWS



Roadside assistance provider the AA has said it is in talks over a possible all-cash acquisition by a consortium of private equity firms Towerbrook Capital Partners and Warburg Pincus.

The company also said that talks with Centerbridge Partners Europe and Platinum Equity Advisors had ended.

AA said: “The consortium has confirmed its strong interest in pursuing a possible all-cash offer for the company, including an intention to de-lever the AA’s capital structure significantly, consistent with the company’s objectives”.

The company, which was founded in 1905 and is well-known across Britain for its yellow recovery trucks, was floated in London by its previous private equity owners in 2014. However, its share price has experienced a slump in recent years, with concerns surrounding the size of its debts. Its current market value stands at £175 million.

AA said in a statement: "Any possible offer remains subject to a number of matters including, inter alia, the completion of the consortium's due diligence and the finalisation of documentation."

"The board now intends to progress its discussions with the consortium regarding a possible offer and a further announcement will be made in due course as appropriate."

The company added that its board is in discussions with other investors regarding alternative refinancing options, such as raising new equity. AA said earlier in the month that regulators had granted it an extension until September 29 for potential offers.


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Fibre Optic Network Build Engineers
North East, UK

Specialist utility services provider delivering contract services for telecommunications & fibre-optic networks. Works include the installation of ducts micro-ducts access chambers street cabinets & fibre optic cable installation for major blue-chip...

Asking Price: Offers Invited
Turnover: £8,581,000

Transportation Services
North East, UK

Provides bus & coach services on behalf of local authorities universities & private companies throughout the North East of England.

Asking Price: Offers Invited
Turnover: £2,934,000

Asbestos Removal Specialists
Midlands, UK Wide

Removes & disposes of asbestos from a variety of buildings including large corporate & residential properties. Also carries out asbestos surveying sampling waste management industrial cleaning & demolition.

Asking Price: Offers Invited
Turnover: £1,387,000


View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS

According to the most recent Red Flag Alert research from Be...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
20
 
Jan
 

Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE

Modular space leasing business Modulaire Group has announced...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
24
 
Jan
 

Hawkin’s Bazaar enters administration | ADMINISTRATION

Norwich-based novelty toy retailer Hawkin’s Bazaar has...

 
13
 
Mar
 

Fleet services company sold to AA Plc for £8.7m cash | BUSINESS SALE

Prestige Fleet Servicing, a class-leading technology-led com...

 
27
 
Sep
 

Losses prompt the AA to make £25m division sale | DIVISION SALE

Recent losses and business failings may force UK driving fir...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.