You are here


GIC buys stake in UK roadside rescue business from Carlyle

They'll co-own majority stake in RAC, Britain's No 2 rescue firm

[SINGAPORE] Singapore's sovereign wealth fund GIC is buying a stake in the UK's second largest roadside rescue business RAC from Washington-based private equity firm Carlyle Group, which will result in both co-owning a majority stake in the firm.

The deal, expected to be done by year-end...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to