Linklaters corporate heavyweight Charlie Jacobs leads on Carlyle’s circa £2bn RAC exit talks

Linklaters corporate heavyweight Charlie Jacobs leads on Carlyle’s circa £2bn RAC exit talks

Linklaters senior corporate partner Charlie Jacobs is leading for Carlyle Group on the US buyout house’s early stage discussions to exit UK roadside recovery service RAC for a sum reported to be in the region of £2bn.

An IPO remains Carlyle Group’s preferred route for RAC, which the private equity house acquired from British insurer Aviva for £1bn in 2011, but it is understood that no decision has yet been taken and talks are reported to have taken place with potential buyers including Apax and BC Partners.

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