LONDON - Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has completed the joint strategic investment in RAC alongside GIC, Singapore's sovereign wealth fund. Carlyle Europe Partners III acquired the RAC in 2011.

Andrew Burgess, Managing Director, The Carlyle Group, said:  "This has been an exceptionally strong year for Carlyle Europe Partners III and we are delighted to end the year by welcoming GIC as a partner in RAC."

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Media enquiries:

The Carlyle Group/RAC
Catherine Armstrong
Tel:  +44 207 894 1632
Email: catherine.armstrong@carlyle.com

About The Carlyle Group 
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $203 billion of assets under management across 129 funds and 141 fund of funds vehicles as of September 30, 2014. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments - Corporate Private Equity, Real Assets, Global Market Strategies and Solutions - in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs 1,700 people in 40 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle

About RAC
RAC is one of the UK's most progressive motoring organisations, providing services for both private and business motorists. Whether it is breakdown cover with roadside assistance, insurance, buying a used car, vehicle inspections and checks, legal services or up-to-the-minute traffic and travel information - RAC offers a solution for all motoring needs. RAC is committed to making motoring easier, safer, more affordable and more enjoyable for drivers and road users.

RAC is the second-largest roadside assistance provider in the UK. It had approximately 8 million roadside members as of 30 June 2014 representing approximately 28 per cent. of the UK roadside assistance market by both value and by number of members and responded to approximately 2.5 million breakdowns in 2013. In addition to Roadside assistance, RAC operates under three other complementary business segments: Insurance broking, Motoring services, and Telematics & data services. In 2013, RAC generated revenue of £485 million, Trading EBITDA of £156 million and had Operating Cash Conversion of 100 per cent.

RAC is the motorist's champion and campaigns to support the interests of its members and UK motorists at a national level, including advancing levels of road safety, supporting the needs of young drivers and voicing concerns about the increasing cost of motoring. RAC's annual Report on Motoring survey, now in its 26th year, provides a clear insight into the concerns and issues facing today's motorists.

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