CVC Capital Partners and Silver Lake have begun investor outreach for a potential London IPO of RAC, as the private equity firms explore a listing that could value the business at around $6.7bn, Bloomberg reports.

The UK-based driving services provider has held early-stage meetings with fund managers in recent weeks, aiming to assess investor appetite ahead of a potential market debut later this year.

The move comes as private equity firms seek to position portfolio companies for public listings, despite ongoing geopolitical volatility and uncertain equity market conditions.

RAC provides breakdown assistance, insurance, and related services to around 16 million customers across the UK, offering a resilient, service-based revenue model.

The company reported revenue of £840m ($1.1bn) and core earnings of £329m ($420m), highlighting steady operational performance.

The IPO process remains at a preliminary stage, with no final decisions made on timing or structure.

The planned listing reflects broader private equity efforts to generate liquidity through public markets, as firms navigate a slower exit environment driven by higher borrowing costs and macroeconomic uncertainty.

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