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Francisco Partners : Completes Acquisition of International Business of CDK Global
03/01/2021 | 09:21am EDT
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Francisco Partners (FP), a leading global investment firm that specializes in partnering with technology businesses, today announced the completion of the acquisition of CDK Global International, a former division of CDK Global (NASDAQ: CDK) and a leading provider of automotive retail software in EMEA and Asia. CDK Global International has now been established as an independent business named Keyloop.
Petri Oksanen, Partner at Francisco Partners and Chairman of Keyloop, comments:
“The decision to invest in Keyloop, with its track record of technological innovation and impressive global footprint, was a natural one for us and we look forward to developing the business in the months and years ahead and to accelerating the transformation of this exciting industry. We are committed to ensuring Keyloop is able to move swiftly and de
Francisco Partners and Marlin Equity Partners Complete Merger of Consignor and Unifaun
Consignor and Unifaun, both leading cloud Transport Administration Systems ( TAS ) platforms, announced today that they have completed the merger of the two companies.
These two leading providers of TAS software will combine to offer shippers, carriers, and parcel recipients globally best-in-class solutions for shipping and handling of parcels. Marlin Equity Partners ( Marlin ), Unifaun s current majority owner, has partnered with Francisco Partners, Consignor s current majority shareholder, in the transaction to become equal shareholders in and together own a majority of the combined business.
The merger creates a prominent global provider of cloud TAS solutions, bringing together two highly complementary SaaS-based products and expanding the combined company s ability to address a wider range of TAS capabilities, thus bringing significant benefits to the combined company s customer base. The
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Unifaun, a leading Stockholm-based cloud Transport Administration Systems (“TAS”) platform, and Consignor, an Oslo-based cloud TAS platform, announced today that they have entered into a definitive merger agreement. These two leading providers of TAS software will combine to offer shippers, carriers, and parcel recipients globally best-in-class solutions for shipping and handling of goods. Marlin Equity Partners (“Marlin”), Unifaun’s current majority owner, has partnered with Francisco Partners, Consignor’s current majority shareholder, in the transaction to become equal shareholders in and together own a majority of the combined business.
The merger creates a prominent global provider of cloud TAS solutions, bringing together two highly complementary and scalable SaaS-based products that will benefit from the collective best-of-breed feature/functionality and greater geographic coverage. Additionally, the merger expands the combined company’s ability to address
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