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
THE SO WHAT
Ridgeview paying £545M for Pinewood after a rival PE walked shows there’s still appetite to roll up vertical software with durable cash flows, even in low-growth, legacy categories. If you run niche workflow software with real attach and low churn, you’re on someone’s buyout list whether you act on it or not.
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