Carlyle Group has partially divested RAC, the UK-based car insurance and roadside recovery company, to Singaporean sovereign wealth fund GIC.
GP is deploying capital from its second fund, which closed in 2017 on €600m
Fund invests in series-B, -C and -D rounds to support B2B and B2C startups based across Asia, Europe and the US
UK-based GP exits the business six years after acquiring it from Procuritas
Deal is the third bolt-on for the IT service in its cybersecurity buy-and-build strategy