Global law firm Ashurst Perkins Coie has advised RBC on the recommended offer by UK Piston Bidco Limited to acquire the entire issued, and to be issued, share capital of Pinewood Technologies Group plc.
Pinewood.AI is a leading cloud-based full-service technology provider to automotive retailers and original equipment manufacturers, benefitting from high recurring revenues and long-standing OEM partnerships. UK Piston Bidco Limited is a newly formed company indirectly owned by Ridgeview Partners, a growth-oriented technology private equity firm headquartered in San Francisco focused on investments with strong fundamentals. Ridgeview has a differentiated combination of investment and operating expertise that it leverages to help companies accelerate value creation.
The Ashurst Perkins Coie team was led by corporate partner Karen Davies, supported by senior associate Colin Bulger and associates Patrick Chambers and Shashtika Sundar. Partner Tim Rennie and associate Candice Chan advised on the finance aspects.
