CVC-Backed RAC Said to Kick Off Investor Meetings for London IPO

RAC Group has begun sounding out investors for a potential initial public offering in London, according to people familiar with the matter, as the driving services firm edges closer to going public.

The group has been holding early look meetings with fund managers in recent weeks, as it seeks to lay the groundwork for a possible market debut this year, said the people, who asked not to be identified because the information is private.