Pinewood.AI has entered talks over a potential takeover deal which could see the firm bought by a leading private equity firm. A filing to the London Stock Exchange this morning (Jan 30), revealed that the automotive tech company is in talks with Apax Partners LLP over a potential cash offer of 500 pence per share. While an official offer is yet to be lodged, the prices mentioned would value Pinewood.AI at around £575m, with the company currently having around 115.1m shares. ‘As an alternative to receiving cash, the possible offer will include an unlisted partial share alternative. ‘This possible offer follows a number of earlier approaches from Apax to the board regarding a possible cash offer for Pinewood.AI.