Francisco Partners completed the acquisition of CDK's International business for $1.45bn.

Francisco Partners completed the acquisition of the International business segment, a provider of automotive retail software solutions in EMEA and Asia, from CDK Global, a global provider of integrated information technology solutions to the automotive retail and adjacent industries, for $1.45bn. “We are impressed with the recent product developments and innovation at CDKI. We believe the CDKI team has a sound strategy and strong foundation to leverage towards the goal of becoming the future automotive retail software platform of choice. We will seek to utilize our substantial resources and experience in helping other similarly situated software companies to accelerate the realization of CDKI’s vision,” Matt Spetzler, Francisco Partners Partner.