Leading global law firm Baker McKenzie has advised Silver Lake on the acquisition of a stake in RAC, the UK’s leading breakdown assistance provider, from funds managed or advised by CVC Capital Partners and GIC. Silver Lake, a global leader in technology, plans to support RAC in its goal of further improving its digital capabilities.
RAC has been at the forefront of UK motoring for over 120 years and provides a differentiated range of driving and mobility-related services including breakdown assistance and insurance products.
The transaction is subject to customary regulatory approvals.
The Baker McKenzie team is being led by partner, David Allen, together with Dewi Evans, Matt Gamble and Georgiana Andrews (PE), Matt Cox (finance) and Luis Gomez and Sam Mobley (anti-trust).
