Brookfield Business Partners to Acquire CDK Global Inc

CDK Global Acquires Computerized Vehicle Registration (CVR)

June 30, 2023

Cloud & SaaS

CDK Global has acquired full ownership of Computerized Vehicle Registration (CVR), a provider of electronic vehicle titling and registration services used by dealerships, insurers, lenders and tag agencies. CVR processes nearly 15 million vehicle transactions and more than 4 million DMV inquiries annually across 17 states; CDK plans to integrate and invest in CVR to expand its dealer-facing software and services.

e-Emphasys Technologies Acquires CDK Global Heavy Equipment

May 1, 2023

Software

e-Emphasys Technologies has merged with CDK Global Heavy Equipment to form a combined enterprise software leader for the heavy equipment and industrial machinery industry, operating under the e-Emphasys name and headquartered in Cary, North Carolina. The transaction is backed by private equity sponsors TA Associates and True Wind Capital; Jeffrey Hart was named CEO and the combined company has a global employee base of nearly 700 and serves roughly 4,200 dealer rooftops.

Clayton, Dubilier & Rice and KKR Acquire Cloudera for $5.3 Billion

October 8, 2021

Cloud & SaaS

Cloudera entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (CD&R) and KKR in an all-cash transaction valued at approximately $5.3 billion, expected to close in the second half of 2021. The deal will take Cloudera private and provide $16.00 per share to shareholders, with Cloudera continuing to be led by CEO Rob Bearden.

Brookfield Business Partners Acquires DexKo Global from KPS Capital Partners

October 4, 2021

Automotive

Brookfield Business Partners L.P., together with its institutional partners, agreed to acquire DexKo Global Inc. from KPS Capital Partners for $3.4 billion. DexKo, a Novi, Michigan–based manufacturer of chassis technology and trailer/RV components employing more than 6,000 people with global production and distribution footprint, was transformed under KPS via 15 acquisitions and operational improvements prior to the sale.

Cadillac Fairview Acquires 50% Stake in KDC

July 13, 2021

Real Estate

Cadillac Fairview has acquired a 50% interest in KDC, joining KDC management and long-standing partner Compatriot Capital in a newly formed U.S. commercial office and mixed-use investment platform. The partners also closed an initial $800 million fund to support development and acquisition of Class A office and mixed-use projects across the United States.

Francisco Partners Acquires CDK Global International (Rebrands as Keyloop)

March 1, 2021

Software

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.