UK-based automotive dealership software maker Pinewood agrees to a £545M cash takeover by US private equity firm Ridgeview, after an Apax takeover fell through (Financial Times)

Pinewood, the UK-based automotive dealership software provider, has accepted a £545 million cash acquisition by US private-equity firm Ridgeview. The deal proceeds after a previously planned takeover by Apax collapsed, securing Pinewood’s valuation at the agreed price.