Pinewood agrees £545mn private equity takeover by Ridgeview
UKPulse Consumer Desk
UK software group Pinewood has agreed to a £545 million private equity takeover by Ridgeview. This follows rival buyout group Apax's withdrawal of an earlier offer.
- UK software group Pinewood has agreed to a £545 million takeover by Ridgeview.
- Pinewood is a former software division of Pendragon.
- Rival buyout group Apax withdrew its offer due to concerns over AI impact.
UK software group Pinewood has agreed to a £545 million private equity takeover by Ridgeview. Pinewood is the former software division of Pendragon.
The agreement follows the withdrawal of a rival offer from buyout group Apax. Apax reportedly withdrew its offer due to concerns regarding the impact of AI.