Covington, Skadden, Clifford Chance and Pinsents pick up roles on AA IPO

A quartet of law firms have landed mandates on roadside recovery group AA’s accelerated initial public offering (IPO) on the London Stock Exchange.

Covington & Burling, Skadden Arps Slate Meagher & Flom, Clifford Chance (CC) and Pinsent Masons have all been appointed to advise on the listing, which has priced the company’s equity at £1.4bn. The AA also has debts of around £3bn.

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