Hat tip to Dom Walsh, veteran leisure hack supremo at The Times, for smoking out the private equity interest in roadside recovery group AA yesterday. Below is the link to Dom's story:
https://www.thetimes.co.uk/article/aa-attracts-rival-private-equity-bids-w06l3wnrg..
AA plc, the London-listed roadside recovery company, has come under the spotlight amid takeover talk.
People following the situation said a potential acquirer is circling AA and may have already expressed an interest in the business.
Readers should be aware that the AA is a highly leveraged company with a very small capitalisation...
Some of the City's top bankers, lawyers and industry executives have emerged as investors in a company whose founder is engaged in an almighty row with London-listed AA.
According to sources familiar with the matter, Giles Fitzpatrick, Michael Symons and Kevin Gaskell were seed investors in Motoriety, an app that links motorists to repair garages that was set up by entrepreneur Lucy Burnford...