IMAP Ireland represented global private equity firm, The Carlyle
Group, on the sale of its majority holding in Irish insurance
broker and roadside assistance provider, AA Ireland, to the U.S
private equity fund, Further Global.

Founded in 1910, and now with 495 employees, AA Ireland
operates throughout Ireland in 2 sectors – Roadside Assistance
and Insurance broking. It is Ireland’s leading roadside assistance
provider, employing a membership model and operating the only
premium branded fleet in the market. It is also one of Ireland’s
largest Motor insurance brokers, with c.20% of the intermediated
market, a strong position in the Home insurance market, along
with strong growth in its travel insurance business. Ancillary
business lines include AA Roadwatch, which provides national
traffic and travel updates, and AA Hotels, which provides hotel
ratings around the country.

The Carlyle Group acquired AA Ireland in 2016 as a carve out
from UK based AA Plc. Under The Carlyle Group’s ownership, the
company undertook a significant operational and IT
transformation to become a fully stand-alone business that is
now primed for growth.

Further Global is a New York based private equity firm that
focuses on the financial services industry. Further Global was
founded in 2017 and targets equity investments of $75-200
million. AA Ireland is its 7th investment to date and marks its first
investment in the Irish market. AA Ireland will continue to
operate as an Irish-based company and will leverage Further
Global’s expertise for the next phase of development.

The IMAP Ireland team advised The Carlyle Group on the sale of AA Ireland.

SEE DEAL BRIEF