🏆 Deal of the Week · KW 52/2023
The AA's existing backers sold a £450 million stake in the company through a Private Equity transaction to US infrastructure investor Stonepeak Infrastructure Partners, with the post-transaction valuation remaining undisclosed. The deal, recognised as Deal of the Week for KW 52/2023, was led solely by Stonepeak Infrastructure Partners. No new capital was injected into the AA's balance sheet as part of this secondary stake sale.
AA backers sell £450m stake to US investor Stonepeak — key deal facts
| Company | AA backers sell £450m stake to US investor Stonepeak |
| Founded | 1905 |
| Headquarters | Basingstoke, Hampshire, United Kingdom |
| Amount raised | GBP 450M |
| Valuation | Remains Undisclosed |
| Round | Private Equity |
| Investors | Stonepeak Infrastructure Partners |
| Sectors | Automotive |
Who invested in AA backers sell £450m stake to US investor Stonepeak?
Stonepeak Infrastructure Partners was the sole investor in this transaction, acquiring the £450 million stake from existing AA shareholders. Stonepeak is a US-based alternative investment firm specialising in infrastructure and real assets, making its entry into the AA notable given the company's positioning as an essential-service, infrastructure-adjacent business. The involvement of a dedicated infrastructure fund reflects the AA's stable, recurring-revenue characteristics across its breakdown, insurance, and driver-education divisions.
What does AA backers sell £450m stake to US investor Stonepeak do?
The AA is the United Kingdom's leading roadside assistance provider, founded in 1905 by four motoring enthusiasts. The company is headquartered in Basingstoke, Hampshire, and deploys approximately 2,700 breakdown patrols attending around 9,000 call-outs daily. Beyond breakdown cover, the AA operates the UK's largest driving school network under the AA and BSM brands, provides motor and home insurance products, and offers used car sales through AA Cars alongside driver education services. Jakob Pfaudler has served as Chief Executive Officer since 2021.
AA backers sell £450m stake to US investor Stonepeak valuation & multiples
No verified EV/Sales or EV/EBITDA multiples are available for this transaction, as the post-deal valuation was not publicly disclosed. Without a disclosed enterprise value, deriving transaction multiples against the AA's revenue or EBITDA base is not possible on verified data alone. For sector-level benchmarks applicable to automotive services and infrastructure-adjacent businesses, visit the relevant sector multiples pages on DealMatrix.
Frequently asked questions
How much did AA backers sell £450m stake to US investor Stonepeak raise in its Private Equity?
The AA's existing backers sold a £450 million stake via a Private Equity transaction to Stonepeak Infrastructure Partners, recognised as Deal of the Week for KW 52/2023.
What is AA backers sell £450m stake to US investor Stonepeak's valuation?
The valuation of the AA following this transaction was not publicly disclosed.
Who invested in AA backers sell £450m stake to US investor Stonepeak?
Stonepeak Infrastructure Partners, a US-based infrastructure-focused alternative investment firm, was the sole investor in this £450 million stake acquisition.
When was AA backers sell £450m stake to US investor Stonepeak founded and where is it based?
The AA was founded in 1905 and is headquartered in Basingstoke, Hampshire, United Kingdom.
Source: original announcement — read the full report.