It considered an initial public offering two years ago before opting instead to pursue the GIC share sale, but a flotation remains a likely long-term outcome. The transaction is subject to customary regulatory approvals and is expected to close in late Q4 2021. 10084638). This summer we saw the number of new pure electric vehicles registered exceed half a million and growth is only going to continue ahead of the Governments 2030 deadline to end the sale of new petrol and diesel cars. Tricker Holdings Limited (Trickers Shoes, Tricker's Shoes), R.E.Dawson,Limited (Dawsons Department Store), RAC (RAC Insurance, RAC Breakdown, Royal Automobile Club), Racing Point UK Limited (Racing Point Formula One Team, Racing Point F1 Team, RacingPoint), Radisson Blu Edwardian Hotels UK (Edwardian London Management Services, Radisson Hotels, RadissonBlu, Edwardian Hotels London), Radley + Co. Limited (radley.co.uk, Radley and Co., Radley & Co., Radleys), Rail Delivery Group (RDG, Association of Train Operating Companies, ATOC, National Rail, Young Person's Railcard, Senior Railcard, Railcards Marketing, myinterrail, My Interrail), Raileasy (Rail Easy, Ferries Trains Planes Ltd), Railway Pensions Limited (Railway Pension Scheme, RPMI, myRPS, Railway Pension Fund), Raisin Platforms Ltd (Raisin UK, Raisin Bank UK), Random House Group UK (RandomHouse UK, Penguin Random House), Rank Group (Grosvenor Casinos, Mecca Bingo, The Rank Group), Raphaels Bank (Raphael's Bank, Southern Finance, R. Raphael & Sons), Rare Restaurants Ltd (M Restaurants, Gaucho), Ravensworth Digital Services Limited (printed.com), Rawle Gammon & Baker Holdings Limited (Rawle Gammon & Baker Holdings Ltd), Raymond James Investment Services Limited, RB (Reckitt Benckiser, Crookes, Durex, Lloyds Pharmaceuticals, Nurofen, Optrex, Reckitt and Colman, Scholl, Sweetex, Air Wick, Airwick), RB (Reckitt Benckiser, Crookes, Durex, Lloyds Pharmaceuticals, Nurofen, Optrex, Reckitt and Colman, Scholl, Sweetex, Air Wick, Airwick, Dettol), RBS Group (Royal Bank of Scotland Group, NatWest Bank, MINT, NatWest UK, Drummonds Bank, NatWest Group, RBOS), RBS International Banking (Royal Bank of Scotland International Banking, Global Banking and Markets, GBM), RCD Retail Limited (UK Sport Imports, Hillman Golf, uksportimports.com), Reach Plc (Reach Group, Trinity Mirror Plc), Reach2 Limited (Reach2 Academy Trust, Reach 2 Academy Trust), Ready Mix Tees Valley Ltd (Tees Valley Concrete), Ready Steady Store Limited (ReadySteadyStore), Really Comfy Beds Limited (loaf.com, www.thesleeproom.com), Reckitt Benckiser Healthcare (uk) Limited, Recognise Bank Limited (Recognise Financial Services Limited, Recognise Bank Ltd), Recruitadriver Ltd (Recruit A Driver, RAD Group), Recruitment and Employment Confederation (REC), Red Arrow Fulfilment (Emery Ltd, SkinShop, Skin Shop), Red Bull Racing Limited (RedBull Racing, RedBullRacing.com), Red Driving School Limited (RDS Driving Services), Red Seven Leisure Limited (Red7, Red 7, redseven.co.uk), Redde Plc (Auxillis, FMG Accident Management, CabAid, NewLaw, Principia Law, Albany Assistance), Redpath Bruce Property Management Limited, Redranger Uk Limited (Zeder Corporation Ltd), Redrow Plc (Redrow Homes Limited, Redrows Homes), Reed Exhibitions Limited (London Book Fair, LBF), Reeds Rains (ReedsRains, Reed Rains, ReedRains), Referees Association (The Referees Association, The Referees Association), Regency Park Homes (Regency Park Life Group), Regenda Group (The Regenda Group, Regenda Homes, Regenda Housing), Regional Automotive Parts Independent Distributors Limited (clickcarparts, Click Car Parts, Top Part, TopPart), Relax Sofas and Beds (Speed 9521 Limited), RELX Group Plc (Reed Elsevier Plc, LexisNexis, Lexis Nexis), Relyon Beds Limited (Michco 2001 Limited, Reylon Beds Limited), H Edward Michael Bennett and Alan Charles Addison Chapman and Ian Michael Topping, Rematch Credit Limited (dividebuy.co.uk, Rematch Credit Ltd), Renault UK (Dacia UK, LADA UK, #RenaultKAJAR, Renault Retail UK, Group Renault UK, Groupe Renault UK), rentalcars.com (traveljigsaw.com, Travel Jigsaw, Rental cars), Rentokil Initial 1927 Plc (Rentokill Initial, Rentokil Pest Control, Rentokill Pest Control), rescuemycar.com (NCI Vehicle Rescue, NCI Insurance Services), Resolution Group (Friends Life Group, FriendsLife, Resolution Life, Lincoln Benefit Life Company, Allstate), Resolving UK Limited (Resolver, resolver.co.uk), Resort Hoppa (A2B Transfers, ResortHoppa), Resorthoppa (UK) Limited (resorthoppa.com, hoppa.com), Restaurant Group PLC (Chiquito, Chiquitos, Garfunkel's, Frankie & Benny's, Frank and Benny, Frankie and Bennys, Filling Station, Brunning & Price, TRG Plc, The Restaurant Group Plc), Retail Ombudsman (The Retail Ombudsman, TRO, Consumer Dispute Resolution Ltd, Retail Arbitration Service Limited), Retail Risk Solutions Ltd (RetailRisk Solutions), Retirement Bridge (Grainger Equity Release Management Limited, Bridgewater Equity Release), Revolution Bars Group Limited (Revolucion de Cuba), Rhenus Logistics Limited (Rhenus Home Delivery), Rhone Group Limited Liability Partnership, Richard Mille Europe, Middle East And Africa Limited, Debt collector: Please see advice from CAB or a solicitor before contacting this company, Richer Sounds Plc (RicherSounds, Richard Sounds), Richmond Group / Post Net (Advantage Loans, Amigo Loans, Credit Gain Services, Financial Processing UK, Harvey Sturtt, Haymarket Lending, RG Insurance Services, Tenant Loans), Richmond Housing Trust Limited (RHP, Richmond Housing Partnership), Rightpath Insurance Solutions Limited (Refund Solutions, Rightpath Claims), Rituals Cosmetics UK Limited (Ritual Cosmetics), Riverford Organic Farms Limited (River Ford Organic Farms), Riverside Group (Riverside Housing Group), Riverside Medical Packaging Company Limited, Robert Price (builders Merchants) Limited, Former President of the Law Society of England, Robin Hood Energy Limited (RobinHoodEnergy, RobinHood Energy), Sold to Centrica - Previously owned by Nottingham City Council, Debt Collector - Part of Hoist Kredit AB - Please seek advice from your local Citizens Advice Bureau before contacting this company, Rocket Marketing Group (Big Savings Club, Rocket UK). 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He has also appeared in Under GIC and CVCs ownership, RAC has become the UKs #1 breakdown assistance provider, adding nearly 4 million members since 2016 and growing EBITDA at a 7% CAGR to 249 million for the 12 months ended 30 June 2021. WebDave Hobday RAC Chief Executive As the UK emerges from the coronavirus pandemic that has dominated the last two years, 2022 has brought a new set of challenges shaped by Branson's Virgin Orbit files for bankruptcy, JPMorgan's Dimon says US banking crisis not over, sees long repercussions, UBS names Sergio Ermotti as new CEO and president, Musk denies report on SpaceX's plans for new funding from Saudi, UAE, In the background, Inditex heiress sets tone for Zara revamp, Dogecoin jumps as Musk's Twitter flips logo to Shiba Inu dog, Marketmind: Bank fears ease but yields curb investors' enthusiasm, Elon Musk, WHO spar on Twitter over U.N. agency's role, Musk, experts urge pause on training of AI systems that can outperform GPT-4, Bill Gates says calls to pause AI won't 'solve challenges'. Industry. Headquartered in Birmingham and employing over 4,000 colleagues nationwide, RAC has been at the forefront of UK motoring for over 120 years and provides a differentiated range of driving and mobility-related services including breakdown assistance and insurance products. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. The RAC this morning said that private equity giant Silver Lake would take a stake in the breakdown assistance firm. GIC and CVC bought into RAC in 2014 and 2016 respectively, and will remain major shareholders alongside Silver Lake. WebDavid Arthur Hobday Age : 53 Summary David Arthur Hobday is Chief Executive Officer & Director at RAC Group Ltd. Mr. Hobday is also Chairman-Governors Board at Orchard WebFind out what works well at RAC from the people who know best. Close. While drivers feel having access to a car is even more important, our findings suggest theres going to be a change in the types of journeys we make. RAC Motoring Services and RAC Financial Services Limited are authorised and regulated by the Financial Conduct Authority in respect of insurance mediation activities. How many employees does RAC have? Breakdown cover arranged and administered by RAC Financial Services Limited (Registered No 05171817) and provided by RAC Motoring Services (Registered No 01424399) and/or RAC Insurance Ltd (Registered No 2355834). BofA Securities and Goldman Sachs International acted as financial advisers, and Freshfields Bruckhaus Deringer as legal advisor, to RAC. The transaction is subject to customary regulatory approvals and is expected to close in late Q4 2021. 20 December 2016, London The RAC Group today announced that it will appoint David Hobday as its next Chief Executive Officer (CEO). 2023 RAC Motoring Services. Search RAC Drive for news, reviews, advice and more. 86m to 428m (EUR) Industry. Founded. We can help them save money through cost-of-living crisis, navigate the exciting but complex world of EVs, provide simple, convenient access to servicing and repairs, report a breakdown, and much more. Worldpay announced to GIC and CVC bought into RAC in 2014 and 2016 respectively, and will remain major shareholders alongside Silver Lake. No credit card required. FTSE 100 close: Markets end in the green before Easter weekend despite US recession fears, Come to London: FCA eyes up capital markets reform with 12 month plan to woo world listings back to the City, London AI firm Quantexa becomes first unicorn of 2023 after $129m funding boost, FTSE 100 live: Beazley and Ocado edge London higher on final day of first quarter, Rolls Royce shake up: BP exec appointed CFO as part of transformation programme, Mark Austin interview: The City needs a culture change we have to celebrate success, FTX: Bankman-Fried charged with paying $40m Chinese bribe. Bottom 5% of Similar Size Companies on Comparably. In the RAC lost my car thread with the white Zafira and my Fat friend they offered 100 compensation in the end. The RAC has a proud tradition of adapting to the challenges faced by drivers to give them complete peace of mind in their everyday motoring lives, but we are also extremely mindful of our role in highlighting both current and emerging issues in driving and mobility to those in positions who are able to address them and bring about positive change. I am still considering taking legal action, but I am most certainly going to post an accurate account of the whole sorry affair on every possible social media outlet I can. We are an evangelical part of the universal Christian Church. We're here to connect you to the CEOs of major companies and other organisations so you can get the responses you want. Dave Hobday. In the past he occupied the position of Managing Director at Worldpay (UK) Ltd. and Managing Director at Worldpay Ltd. 01/25 Dont miss our weekly curated news and insights, By signing up for our newsletter, you accept our terms and conditions as outlined under. Investor news. Our new CEO Dave Hobday did a fantastic job in opening the @TheRAC_UK #AmbassadorAwards @TheCelticManor With these foundations in place, and with Silver Lake, as one of the most respected leaders in technology now sitting alongside CVC and GIC, we have a fantastic opportunity to accelerate our investment trajectory and provide more digitally enabled products, while continuing to deliver an even better service to our breakdown and insurance members. The California-based investor will join GIC and CVC Strategic Opportunities I as a co-shareholder in the company. 1897. David Stokes. 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Mitchell (Glass) Limited (Mitchell Glass), R.e. September 6, 2021 RAC today announced that Silver Lake, the global leader in technology investing, has entered into an agreement to become a co-shareholder alongside RACs longstanding shareholders, GIC and CVC Strategic Opportunities I, a longer term investment fund managed by CVC Capital Partners (CVC). While times on the road are both challenging and changing, this years Report shows that drivers continue to depend on their vehicles which is why we remain focussed on providing them with complete peace of mind for all their driving needs. 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Join 120,000 other PE professionals today. Please see our privacy policy for more details. WebThe CEO of RAC is Dave Hobday. No credit card required. WebRAC Motoring Services' CEO, Dave Hobday, has a CEO approval rating of 67/100, as scored by 3 RAC Motoring Services employees, placing Dave Hobday in the Bottom This Notice is issued by the Issuer to the holders of the Notes. Dave Hobday, CEO of RAC said: We have a strong and sustainable track record of growth across our member and corporate partner base. Chris Woodhouse will remain as CEO until Mr Hobday has joined the Company to ensure a smooth transition. With these foundations in place, and with Silver Lake, as one of the most respected leaders in technology now sitting alongside CVC and GIC, we have a fantastic opportunity to accelerate our investment trajectory and provide more digitally enabled products, while continuing to deliver an even better service to our breakdown and insurance members. All rights reserved. Uncover why RAC is the best company for you. Under GIC and CVC's ownership, RAC has become the UK's #1 breakdown assistance provider, adding nearly 4 million members since 2016 and growing EBITDA at a 7% CAGR to 249 million for the 12 months ended 30 June 2021. RAC CEO Dave Hobday said: The fact our breakdown service has been recognised by drivers as being the best in the UK today is a hugely proud moment for the There can be no doubt that the past 18 months has been a period of extraordinary challenge for everybody. Were also encouraging and stimulating EV take-up among consumers and fleet managers. RAC chief executive Dave Hobday said that the new investment offered the firm a fantastic opportunity to accelerate our investment trajectory and provide more Mr Woodhouse's departure will sever a long-standing working relationship with Rob Templeman, the RAC's chairman, after the pair forged a successful alliance at Debenhams during its stint in private ownership. Revenue. Related To Tawana Hobday, Nancy Hobday. In a bid to simplify servicing we are bringing the garage to drivers by launching RAC Mobile Mechanics who can conveniently service and repair customers cars at their homes or workplaces. His wealth of experience will be valuable to us as we enter our next phase of growth. WebForeword from Dave Hobday, RAC Chief Executive RAC Report on Motoring 2022 Whats on motorists minds? 1001 to 5,000. Silver Lake brings unparalleled technology expertise, skills and relationships to RAC. The pandemic has impacted Additionally I have friends in motoring journalism. Beware - yearly membership fee of 99.99! It is also a concern that the impact of high fuel prices is causing people, particularly younger drivers, to put off getting their cars serviced and having minor repairs done. The shambles that the RAC has become - A warning. GIC and CVC have been major shareholders in RAC since 2014 and 2016 respectively, and will remain so alongside Silver Lake. With more than $88bn in assets under management, Silver Lake is one of the biggest technology investors in the world. ", Simon Patterson, Silver Lake Managing Director and Co-Head of EMEA said: "RAC is a strong brand, and the company has been known for a long time for its quality of service and focus on the customer. Work. Since 2016, the firm has added nearly 4m members, with its latest earnings coming in at 249m. Subscribe to our Newsletter to increase your edge. The latest news from around the CVC network, Jiri Zrust joins CVC Strategic Opportunities as Head of Infrastructure, CVC Strategic Opportunities II agrees a 10% stake in Public Power Corporation, RAC expands partnership to accelerate next phase of data-enabled growth, Sonae establishes partnership with CVC Strategic Opportunities II for Sonae MC, Fairfax announces sale of Riverstone Europe to CVC Strategic Opportunities II, CVC's Strategic Opportunities platform acquires majority stake in Genetic, Pension Insurance Corporation completes 750 million capital raise, CVC's Strategic Opportunities platform agrees to acquire 50% stake in DFE Pharma, Final close of CVC Strategic Opportunities II at 4.6 billion, RAC runs successful Get into Customer Service pilot with Prince's Trust, CVC Strategic Opportunities and Tthys Invest negotiate stake in Sebia, Copyright 2023 CVC Capital Partners SICAV-FIS SA, All figures shown are as of 31 December 2022 unless otherwise indicated, Sustainable Finance Disclosure Regulation. Mr Hobday will join the Company Get 5 free searches.

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