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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