RAC slams brakes on blockbuster London IPO Business The RAC has slammed the brakes on its £5bn London listing in favour of a private deal, landing another blow against the UK’s ailing public markets. Britain’s oldest breakdown recovery service has begun working on a deal which would see private equity backer CVC Capital Partners remain a major investor while other shareholders exit the [...]
Zoopla bets on house envy as Brits snoop on neighbours’ property prices Property Zoopla, the UK’s second-largest property portal, has cashed in on Brits’ house envy as it pivots towards serving existing homeowners who want to snoop on the value of other people’s homes. New chief executive Paul Whitehead has pushed the property site away from an emphasis on transactions, instead hoping to woo homeowners who use the [...]
RAC could jump-start London’s IPO engine with bumper £5bn float Markets London’s IPO market could soon come motoring back, led by a bumper £5bn float from RAC as the roadside assistance firm defies market uncertainty to press ahead with its listing plans. The West Midlands-based business, founded in 1897, has reportedly held preliminary meetings with prospective investors and fund managers, in the clearest sign yet that [...]
Zoopla: Rightmove rival handed £500m price tag April 30, 2025 Online property portal Zoopla has been put up for sale with an asking price of around £500m, it is understood. The company, which was launched in 2008, has put on the market by Silver Lake Partners which has owned the group it forms a part of following a £1.6bn deal in 2018. That group also includes [...]
Springboks face new bid for stake by Leeds United private equity investors Ackerley Sports Group January 6, 2025 The world champion Springboks could sell off a stake of their commercial rights company to investors in Leeds United as South African rugby looks for a stronger financial footing. Seattle-based firm Ackerley Sports Group LLC is reportedly set to revive plans to invest in the 2023 Rugby World Cup winners after an initial bid foundered [...]
Zoopla, Confused and Uswitch owner slashes loss by almost £600m September 6, 2024 The group behind the likes of Zoopla, Confused.com and Uswitch slashed its pre-tax loss by almost £600m in 2023, it has been revealed. The London-headquartered organisation has reported a pre-tax loss of £134.9m for its latest financial year after posting a loss of £714.6m in 2022. According to newly-filed accounts with Companies House, the group’s [...]