March 01, 2015 11:11 AM ET

Diversified Consumer Services

Company Overview of RAC Limited

Company Overview

RAC Limited provides motoring services to private and business motorists in the United Kingdom. It offers services in the areas of roadside assistance, breakdown coverage, insurance, route planning, car care, used car buying, vehicle inspection and checking, business, legal, or up-to-the-minute traffic and travel information aspects. The company was founded in 1897 and is based in Bristol, United Kingdom. RAC Limited is a former subsidiary of Aviva plc.

Great Park Road

Bradley Stoke

Bristol,  BS32 4QN

United Kingdom

Founded in 1897

Phone:

44 84 4891 1288

Fax:

44 14 5420 2900

Key Executives for RAC Limited

Chief Executive Officer and Director
Age: 53
Chief Financial Officer and Director
Head of Finance and Head of Investor Relations
Head of External Affairs
Managing Director of Car Passport
Compensation as of Fiscal Year 2014.

RAC Limited Key Developments

RAC Puts Its Listing Plan On Hold

RAC Limited drops its plan of London listing for as of now.

Carlyle's RAC Attracts Singapore's GIC and CVC Capital Patners

Singapore's GIC Pte. Ltd. is in talks with The Carlyle Group LP (NasdaqGS:CG) over a potential takeover of its RAC division for £2 billion, SkyNews reported citing a person familiar to the situation. CVC Capital Patners Limited has also expressed interest in buying division from Carlyle. The Board of RAC Limited will meet in coming days to decide whether the division should go through with an IPO or pursue a sale of the business, Sky News added, citing an insider.

RAC Group Announces Executive Appointments

RAC Group announced that Sir Michael Rake is to be appointed as Chairman of the Board of Directors. In addition, David Lowden will join as Senior Independent Director (SID) and Peter Plumb and Cilla Snowball CBE will become Non-Executive Directors. Sir Michael, who is the President of the Confederation of British Industry, enjoyed a long and successful executive career at KPMG, including serving as Chairman of KPMG International from 2002 to 2007. He has also amassed a wealth of experience in Non-Executive positions at some of the UK’s most high profile businesses. Joining the Board as Senior Independent Director, David Lowden, will bring valuable experience in the business services sector to RAC. He is currently a Non-Executive Director for Michael Page International Plc and William Hill Plc and serves as the Senior Independent Director for Berendsen Plc. David was previously Chief Executive of Taylor Nelson Sofres. Cilla Snowball CBE, Group Chairman and Group CEO of advertising agency AMV BBDO, will be able to draw on her 30 years of experience supporting some of the world’s most successful consumer brands and working with leading charities including Comic Relief and organizations such as the Women’s Business Council. Peter Plumb will bring deep knowledge of the digital and data space to the RAC Board as the CEO of Moneysupermarket Plc, the leading online personal finance aggregator in the UK.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 25, 2014
--
Merger/Acquisition
September 2, 2014
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