Published: February 16, 2026 at 2:17 pm
Shares in Pinewood Technologies Group PLC have dropped 33% today after a £575 million private equity takeover fell through on Friday.
US-based Apax Partners said it would not progress with a prospective offer of 500 pence per share for the Birmingham-headquartered tech provider to car dealerships.
Apax blamed ‘prevailing challenging market conditions’ as software valuations fall around the world against a backdrop of advancing AI tools which more easily allow companies to develop their own tools.