UK Software Group Pinewood Acquired by Ridgeview in £545mn PE Takeover

UK software group Pinewood, formerly a division of Pendragon, has agreed to a £545 million private equity takeover by Ridgeview, following the withdrawal of a rival offer from Apax due to concerns over AI impact.

19 Aug, 10:55 — 19 Aug, 10:55

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FTVery High18d ago

UK software group Pinewood agrees £545mn PE takeover by Ridgeview

Deal for former Pendragon software division follows rival buyout group Apax’s withdrawal of offer on concerns over AI impact

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UK Software Group Pinewood Acquired by Ridgeview in £545mn PE Takeover

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UK software group Pinewood agrees £545mn PE takeover by Ridgeview

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