On January 15, 2021, AA plc announced that its investors have given the green light to a £2.8bn takeover by private equity backers TowerBrook Capital and Warburg Pincus. The Company stated that the 35p-per-share offer was approved by those holding 88.6pc of shares. In addition, the Company stated that the new owners previously said they would drive the breakdown business forward to better serve its customers.