3 Firms Steer CDK Global's $1.45B Sale Of International Unit

Law360 (November 30, 2020, 4:39 PM EST) -- Automotive retail technology company CDK Global will sell its international business unit to private equity firm Francisco Partners in a $1.45 billion deal guided by Paul Hastings, Kirkland and Mayer Brown, the companies said Monday.

CDK Global Inc. said the deal will allow it to focus on its North American business. The international unit, known as CDKI, provides automotive retail software in Asia and the EMEA region (Europe, the Middle East and Africa).

"With this transaction, we can now focus on executing the next phase of our growth journey and spotlight our attention on our North America business," said CDK President...

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