In the United Kingdom, the RAC has initiated plans to list on the stock market, targeting a valuation of approximately £5 billion. The breakdown recovery service, founded in 1897, is currently owned by buyout firms CVC Capital Partners and Silver Lake Partners, along with the Singaporean state investment fund GIC. The owners of the RAC began selecting investment banks several months ago to oversee the flotation process, with Goldman Sachs among the chosen advisors. While the push for a public listing has been ongoing since last summer, when the RAC's shareholders first revealed their intentions for a potential exit strategy, the possibility of a direct sale remains on the table. The RAC boasts a membership base of around 15 million, making it one of Britain's most recognizable consumer brands. The company is currently under the leadership of chairman Rob Templeman, a former chief of Debenhams, and CEO Dave Hobday. In a parallel development, the AA, which is also a competitive breakdown recovery service in the UK, is looking into its own exit options as it is similarly backed by private equity investors. Investment firms such as TowerBrook Capital Partners, Warburg Pincus, and Stonepeak have appointed JP Morgan and Rothschild to explore potential strategic options for the AA. This signifies increased activity in the market for recovery services, indicating that both firms see value in establishing a stronger foothold through public listings. The potential public listing of the RAC could become one of the major highlights of the London market for 2026, raising the stakes for these two competitive recovery services. Investors and market analysts are closely monitoring developments as they unfold, especially given the significant number of employees and members associated with the RAC. As the market landscape evolves, the strategies employed by both the RAC and AA may provide valuable insights into the future of private equity investments in this sector.