{"id":19105,"date":"2022-04-07T08:38:21","date_gmt":"2022-04-07T15:38:21","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19105"},"modified":"2022-04-07T08:38:22","modified_gmt":"2022-04-07T15:38:22","slug":"cdk-global-inc-to-be-acquired-by-brookfield-business-partners","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/cdk-global-inc-to-be-acquired-by-brookfield-business-partners\/","title":{"rendered":"CDK Global, Inc. to be Acquired by Brookfield Business Partners"},"content":{"rendered":"\n<p>CDK Global, Inc. (NASDAQ: CDK) to be acquired by Brookfield Business Partners (NYSE: BBUC), together with institutional partners, for $54.87 per share in a transaction valued at approximately $8.3 billion.\u00a0<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Technology Provider for Software<\/h5>\n\n\n\n<p>CDK Global is a leading provider of technology services and software solutions that help automotive dealers and manufacturers run their businesses more efficiently. The Company\u2019s best-in-class dealer management software plays a critical role in connecting every aspect of a dealership\u2019s operations and providing solutions to help these customers grow their businesses.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large\"><p>\u201cCDK Global is a high-quality and highly cash generative technology services and software business with a leading market position and strong fundamentals. We are excited to grow our technology footprint with the acquisition of CDK Global, and we look forward to leveraging our operating capabilities to build on the Company\u2019s track record of providing best-in-class customer service and innovation.\u201d<\/p><cite>Doug Bayerd, Managing Director, Brookfield Business Partners<\/cite><\/blockquote>\n\n\n\n<p>Investment Highlights<\/p>\n\n\n\n<ul><li>Strong market leadership position.&nbsp;CDK Global is the North American leader in providing mission-critical enterprise resource planning solutions and software for automotive dealerships, serving over 15,000 retail locations.<\/li><\/ul>\n\n\n\n<ul><li>Durable business fundamentals.&nbsp;The Company\u2019s subscription-based software model, recurring contracted revenues and low ongoing capital requirements underpin its track record of high margins and strong cash flow generation.<\/li><\/ul>\n\n\n\n<ul><li>Stable industry outlook.&nbsp;Dealerships play a critical role as an efficient distribution and service channel across the entire automotive value chain. CDK Global has strong relationships with customers that operate multiple sites, which positions the Company well to benefit from accelerating consolidation across the dealership industry.<\/li><\/ul>\n\n\n\n<p>Operational value creation potential.<strong>&nbsp;<\/strong>We have identified meaningful opportunities to enhance the Company\u2019s services and productivity as a means to improve the value proposition to CDK Global\u2019s customers and grow margins and cash flows.<\/p>\n","protected":false},"excerpt":{"rendered":"CDK Global, Inc. (NASDAQ: CDK) to be acquired by Brookfield Business Partners (NYSE: BBUC), together with institutional partners, for $54.87 per share in a transaction valued at approximately $8.3 billion.\u00a0 Technology Provider for Software CDK Global is a leading provider of technology services and software solutions that help automotive dealers and manufacturers run their businesses&#8230; <a class=\"view-article\" href=\"https:\/\/marketdepth.com\/cdk-global-inc-to-be-acquired-by-brookfield-business-partners\/\">View Article<\/a>","protected":false},"author":3,"featured_media":19106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[31,17,11,7,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CDK Global, Inc. to be Acquired by Brookfield Business Partners - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/cdk-global-inc-to-be-acquired-by-brookfield-business-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDK Global, Inc. to be Acquired by Brookfield Business Partners - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"CDK Global, Inc. (NASDAQ: CDK) to be acquired by Brookfield Business Partners (NYSE: BBUC), together with institutional partners, for $54.87 per share in a transaction valued at approximately $8.3 billion.\u00a0 Technology Provider for Software CDK Global is a leading provider of technology services and software solutions that help automotive dealers and manufacturers run their businesses... 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(NASDAQ: CDK) to be acquired by Brookfield Business Partners (NYSE: BBUC), together with institutional partners, for $54.87 per share in a transaction valued at approximately $8.3 billion.\u00a0 Technology Provider for Software CDK Global is a leading provider of technology services and software solutions that help automotive dealers and manufacturers run their businesses... 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