The AA, the UK's largest roadside recovery business, is drawing early interest from private equity firm EQT as it prepares to sell for approximately £5bn. The AA's owners, including TowerBrook Capital Partners, Warburg Pincus, and Stonepeak, hired Rothschild and JPMorgan Chase in late 2023 to manage the sale process. While the AA's £5bn valuation aligns with the potential price tag for rival RAC's planned London stock market listing, the AA reportedly prefers a sale over a return to the market.

This move follows a tumultuous period for the AA, which was taken private in 2020 for just £219mn after a boardroom scandal and profit warnings, only to list for £1.4bn in 2014.