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'''RAC Limited''' ('''The RAC''') is a British automotive services [[Limited company|company]] headquartered in [[Walsall]], [[West Midlands (county)|West Midlands]]. Its principal services are [[roadside assistance]] and general insurance, and its subsidiaries include RAC Motoring Services Ltd, RAC Financial Services Ltd and RAC Insurance Limited.
The RAC emerged as the "Associate Section" of the [[Royal Automobile Club]] founded at the turn of the 20th century, and it was incorporated as R.A.C. Motoring Services Ltd. in 1978. It was sold by the members of the Royal Automobile Club to Lex Service for £437m in April 1999,<ref>{{cite news |title=Windfalls for RAC members and staff |url=http://news.bbc.co.uk/1/hi/business/332102.stm |access-date=25 October 2021 |work=BBC News |date=30 April 1999}}</ref> which subsequently renamed itself RAC plc. In March 2005, RAC plc was acquired by [[Aviva]] and therefore delisted.
Aviva then sold the RAC to the [[The Carlyle Group|Carlyle Group]] in June 2011. Although Carlyle had originally planned a stock market flotation for the RAC,<ref>{{Cite web|url=http://www.cityam.com/1411694185/rac-float-skids-road-gic-buys-stake|title=RAC float skids off the road as GIC buys stake|last=FitzGerald|first=Thomas|date=2014-09-26|access-date=2016-09-21}}</ref> in September 2014, Carlyle agreed to sell almost half its stake to Singapore's sovereign wealth fund [[GIC Private Limited]].<ref>{{Cite news|url=https://www.ft.com/content/26296508-449b-11e4-bce8-00144feabdc0|title=Singapore's GIC poised to buy large RAC stake|last=Chassany|first=Anne-Sylvaine|date=2014-09-25|newspaper=Financial Times|issn=0307-1766|access-date=2016-09-21}}</ref> In December 2015, Carlyle agreed to sell its remaining stake to [[CVC Capital Partners]], in an transaction valuing the RAC at £1.4 billion.<ref>{{Cite web|url=http://news.sky.com/story/f1-shareholder-cvc-motors-to-1632bn8206-rac-deal-10337515|title=F1 Shareholder CVC Motors To £2bn RAC Deal|language=en-GB|access-date=2016-09-21}}</ref>
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