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Ridgeview Partners Kicks off Recommended GBP545 Million Offer for Pinewood Technologies

MT Newswires·08/19/2026 05:46:14
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05:46 AM EDT, 08/19/2026 (MT Newswires) -- US-based private equity company Ridgeview Partners agreed to a recommended takeover of Pinewood Technologies Group (PINE.L), valuing the London-listed cloud-based technology provider at 545 million pounds sterling. Ridgeview, through newly formed company UK Piston Bidco, is offering 4.48 pounds in cash per share, with an alternative allowing eligible shareholders to roll over some or all of their holdings into unlisted equity in the bidder, according to a Wednesday filing. Pinewood board, which believes the offer is "fair and reasonable," recommended shareholders vote in favor of the deal. The transaction will be implemented through a court-sanctioned scheme of arrangement. The deal remains subject to Pinewood shareholders' approval and court clearance, and is expected to close in the second half of 2026.