The Manchester office of Addleshaw Goddard has advised Peel on the reduction to 39% of its shareholding in AIM-listed Pinewood Group plc, a leading provider of services to the global film and television industry and better known as Pinewood Studios.

Pinewood has carried out a simultaneous fundraising of £30 million before expenses through a proposed placing with institutional and other investors.

Roger Hart, corporate partner at Addleshaw Goddard, advised Peel.