CDK - CDK Global said to draw takeover interest from additional private equity firms

CDK Global Inc. (NASDAQ:CDK) is said to be seeing interest from private equity firm Bain Capital, which has teamed up with Stone Point Capital. Clayton Dubilier & Rice and Carlyle Group (NASDAQ:CG) are also said to be "circling" the software marker that specializes in automotive and retail solutions, according to a Dealreporter item from Monday. The latest report comes after Dealreporter said last month that CDK is exploring a potential sale and KKR (NYSE:KKR) and Evergreen Coast Capital are around the process. A potential sale comes after a February 2018 report that Carlyle (CG) and Silver Lake were close to a buyout of CDK Global (CDK) for at least $10B. CDK currently has a market cap of $5.5B. Vista Equity Partners, Hellman and Friedman and Cox Automotive, which owns Dealertrack Technologies, would also be logical buyers of CDK, Dealreporter previously said. A possible sale also comes after CDK announced in November 2020 that

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CDK Global said to draw takeover interest from additional private equity firms