William Fry and KWM advise on sale of AA Ireland

Breakdown company AA has taken advice from William Fry and King & Wood Mallesons during the sale of its Irish business and operations, AA Ireland, to a US-Irish private equity fund, Carlyle Cardinal Ireland.

The current trading agreements between AA Ireland and the AA will continue as part of a long term ongoing service agreement.

The company provides insurance broking and roadside assistant to a number of private individuals and corporate entities across Ireland.

The sale is subject to term led by the Competition and Consumer Protection Commission in Ireland and by the Central Bank of Ireland.