{
  "id": 9162819,
  "title": "RAC slams brakes on blockbuster London IPO",
  "url": "https://urgent.news/2026/09/22/rac-slams-brakes-on-blockbuster-london-ipo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T16:07:53.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/rac-slams-brakes-on-blockbuster-london-ipo/"
  },
  "original_language": "en",
  "account": "The RAC, Britain's oldest breakdown recovery service, has opted for a private deal over its planned £5bn London IPO, dealing a setback to the ailing UK public markets. The company has been in advanced talks with private equity firms CVC Capital Partners and American firm Silver Lake, as well as Singaporean state investment fund GIC, to sell their stakes to CVC and other investors. If the deal goes through, the IPO would be delayed by at least 18 months, potentially even longer, and could add to the London Stock Exchange's ongoing IPO drought. The RAC, founded in 1897, reported a 6% revenue increase to £463m in the six months to June, but its private deal talks highlight the challenges facing UK firms seeking to go public.",
  "summary": "The RAC has slammed the brakes on its £5bn London listing in favour of a private deal, landing another blow against the UK’s ailing public markets. Britain’s oldest breakdown recovery service has begun working on a deal which would see private equity backer CVC Capital Partners remain a major investor while other shareholders exit the [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}