Aviva awaits bids for roadside rescue business
Private equity group Clayton Dubilier & Rice is the favourite to buy RAC from Aviva.
Clayton Dubilier & Rice would run the business alongside BCA Europe, the European second-hand car dealer it bought last year, the Sunday Times reported, without citing sources.
The first round of bids for RAC are expected to be launched today.
RAC is likely to fetch around £600m, or £1bn including debt, it added.
Insurance Times revealed last month that Aviva hired J.P. Morgan to run the auction.
Other bidders are thought to include private equity firm Carlyle, which like Clayton Dubilier & Rice owns a stake in car rental firm Hertz, the paper said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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