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CDK Global to Be Acquired by Brookfield in $8.3 Billion Deal
- Client News
- April 7, 2022
Paul, Weiss is advising CDK Global, Inc., a leading automotive retail technology company, in its acquisition by Brookfield Business Partners, Brookfield Asset Management’s flagship private equity vehicle, for a total enterprise value of $8.3 billion.
Under the terms of the agreement, Brookfield will acquire all outstanding shares of CDK for $54.87 per share in cash. The transaction is expected to close in the third quarter of 2022, subject to certain conditions.
The Paul, Weiss team is led by corporate partners Kyle Seifried and Scott Barshay, and includes corporate partners Caith Kushner, David Huntington and Michael Vogel, and counsel David Sobel and Jason Tyler; litigation partners Aidan Synnott and Geoffrey Chepiga, and counsel Steven Herzog; executive compensation partner Lawrence Witdorchic; tax partner Scott Sontag; intellectual property partner Jonathan Ashtor; and antitrust counsel Marta Kelly.