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AA

• Country: UK
• Sector: Leisure & Entertainment
• Year: 2004
• Transaction Type: Buyout

Overview

AA is the leading provider of roadside assistance and personal insurance in the UK. Saga provides insurance and travel services exclusively for the over 50s. ICG provided mezzanine finance to the buyouts of both the AA and Saga in 2004. It also provided equity to the buyout of the AA. When the companies merged in 2007, the mezzanine loans were repaid and ICG retained an equity position in the combined entity.

Company Website: http://www.theaa.com www.saga.co.uk

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