Carlyle Cardinal Ireland (CCI) and Carlyle Global Financial Services Partners (CGFSP) have completed the acquisition of the AA Ireland from the AA plc (LON:AA) following receipt of the required regulatory approvals.
CCI partnered with CGFSP to acquire AA Ireland, one of the largest insurance intermediaries in Ireland, for €156.6 million ($176.6 million) including consideration for cash left on balance sheet.
The AA has been operating in Ireland for over 100 years and provides motor, home and travel insurance as well as emergency rescue for people on the road and in the home. It employs more than 430 people and has
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