M&A Deal Summary

Francisco Partners Acquires Keyloop

On November 30, 2020, private equity firm Francisco Partners acquired software company Keyloop from CDK Global for 1.5B USD

Acquisition Highlights
  • This is Francisco Partners’ 43rd transaction in the Software sector.
  • This is Francisco Partners’ 7th largest (disclosed) transaction.
  • This is Francisco Partners’ 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-11-30
Target Keyloop
Sector Software
Buyer(s) Francisco Partners
Sellers(s) CDK Global
Deal Type Divestiture
Deal Value 1.5B USD

Target

Keyloop

Reading, United Kingdom
Keyloop is a provider of software solutions to the auto retail industry. Keyloop is based in Reading, United Kingdom.

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Buyer(S) 1

Buyer

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 117 of 157
Sector (Software) 43 of 52
Type (Divestiture) 21 of 31
Country (United Kingdom) 7 of 8
Year (2020) 8 of 8
Size (of disclosed) 7 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 MyFitnessPal

Austin, Texas, United States

MyFitnessPal is a mobile app and online resource to help individuals track their living and nutrition information. MyFitnessPal is based in Austin, Texas.

Buy $345M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Capsule Technologies

Andover, Massachusetts, United States

Capsule Technologies, Inc. is a provider of medical device connectivity solutions for hospitals. Capsule integrates with clinical information systems to capture more data, reduce manual efforts and cost, and improve patient care. Capsule Technologies, Inc. was founded in 1997 and is based in Andover, Massachusetts.

Sell $635M

Seller(S) 1

SELLER

CDK Global

Hoffman Estates, Illinois, United States

Category Company
Founded 2014
Sector Information Technology
Employees9,000
Revenue 1.7B USD (2021)
DESCRIPTION

CDK Global is a provider of integrated information technology and digital marketing solutions to the automotive retail industry. CDK Global was established in 2014 and is based in Hoffman Estates, Illinois.


DEAL STATS #
Overall 5 of 5
Sector (Software) 2 of 2
Type (Divestiture) 5 of 5
Country (United Kingdom) 1 of 1
Year (2020) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 CDK Global - Digital Marketing Business

Hoffman Estates, Illinois, United States

CDK Global's Digital Marketing Business provides proprietary websites and advertising technology to drive more than 83 million monthly unique visitors across a multitiered automotive landscape.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Square Root

Austin, Texas, United States

Square Root, Inc. is the creator of CoEFFICIENT, which helps automotive original equipment manufacturer (OEM) field managers understand and act on unique data patterns and opportunities for retailers in their markets. Square Root, Inc. was founded in 2006 and is based in Austin, Texas.

Buy -