Published by Global Banking and Finance Review
Posted on January 30, 2026
1 min readLast updated: January 30, 2026

Published by Global Banking and Finance Review
Posted on January 30, 2026
1 min readLast updated: January 30, 2026

Pinewood Technologies' shares surged 28% after Apax Partners proposed a $792M acquisition, boosting the UK finance market.
Jan 30 (Reuters) - Britain's Pinewood Technologies surged as much as 28% on Friday after the automotive service provider said it was set to agree a 575.5 million pounds ($792.06 million) deal with Apax Partners if the private equity firm tables a formal offer.
Apax Partners, which has made a number of approaches earlier, proposed to buy Pinewood for 500 pence per share, representing a premium of nearly 30% to the stock's closing price on Thursday.
The jump in Pinewood's shares made the firm the top gainer across all London stocks on Friday.
Pinewood Technologies provides a cloud-based platform to help car dealerships and manufacturers manage everything from vehicle sales and customer relationships to repairs and accounting.
Apax has until February 26 to announce a firm intention to make an offer or walk away.
($1 = 0.7266 pounds)
(Reporting by Nithyashree R B in Bengaluru; Editing by Sonia Cheema and Janane Venkatraman)
Equity refers to the ownership interest in a company, represented by shares of stock. It signifies the value of an owner's stake in the company after all liabilities are deducted.
The London Stock Exchange is one of the largest and oldest stock exchanges in the world, where shares of publicly traded companies are bought and sold.
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
A premium in stock trading refers to the amount by which the price of a stock exceeds its par value or the market price of a similar security.
Market reaction refers to the response of investors and traders to news or events that affect the price of securities, often reflected in stock price movements.
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