A New York-headquartered firm will invest £450 million in the AA to become a shareholder in the roadside assistance group, and support its next phase of growth.
Stonepeak, which specialises in infrastructure investments and as at June had $57.9bn (£45.5 billion) of assets under management, has entered into an agreement with the AA, and TowerBrook Capital Partners and Warburg Pincus which remain the majority shareholders of the company.
