Francisco Partners Acquires CDK Global International (Rebrands as Keyloop)

March 1, 2021

Francisco Partners has completed the acquisition of CDK Global International from CDK Global for $1.45 billion and established the business as an independent company named Keyloop. The transaction creates a standalone, UK-headquartered automotive retail software platform serving dealers and OEMs across EMEA and Asia, and Francisco Partners intends to accelerate product development and pursue growth and add-on acquisitions.

Buyers
Francisco Partners
Targets
CDK Global International (rebranded as Keyloop)
Sellers
CDK Global
Industry
Software
Location
United Kingdom
Transaction Type
Buyout

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