AA Ireland is the market leading provider of motor insurance and roadside assistance to customers in Ireland, covering more than one in three motorists. Building on one of the most trusted brands in the country, the company is uniquely placed to deliver value throughout the motoring services value chain in both retail and B2B markets.

Commenting on the deal, Joe Plank, Managing Director, Barings Global Private Finance Group, said: “We are delighted to partner with Further Global Capital Management to support the next phase of growth for AA Ireland. The transaction demonstrates our ability to provide bespoke bilateral financing to support high calibre businesses in the region.”

Gareth Brady, Chairman of AA Ireland said: "We are thankful for Barings’ support of AA Ireland and appreciate both its recognition of rapid growth in recent years as well as the potential for material expansion in the next phase. The transaction enables the business to continue its investment to become Ireland’s leading player in all parts of the motoring ownership lifecycle for both businesses and consumers."

About Barings
Barings is a $421+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of December 31, 2024

About Further Global Capital Management
Further Global Capital Management is an employee-owned private equity firm that makes investments in businesses within the business services and financial services industries. Further Global seeks to be a true partner with the management teams with whom it invests with an objective to be the "Capital Partner of Choice" to the industry. Further Global seeks out situations in which its extensive network, operational expertise and capital can drive significant value. Further Global has raised over $3 billion of cumulative committed and invested capital. For more information, visit www.furtherglobal.com.

Barings was advised by Proskauer (legal). Further Global Capital Management and AA Ireland were advised by Many Waters Capital (debt advisory), Dechert (legal), Kroll (financial, tax and regulatory due diligence) and L.E.K. Consulting (commercial due diligence).

Media Contacts
Barings@secnewgate.co.uk / Mediarelations@barings.com