Carlyle, the private equity firm, is looking to sell up to £200m of equity in RAC, the roadside rescue business it bought from Aviva for £1bn a month ago.
It is understood that Carlyle has begun talks with a number of investors including GIC, the Singaporean sovereign wealth fund, about off-loading some of the company's ownership.
Carlyle is seeking to sell part of its stake in RAC to reduce its funds exposure to one single asset. Full story
