CDK Global Inc. has completed the sale of its international business to private equity firm Francisco Partners.
The deal, valued at $1.45 billion, closed Monday, the Hoffman Estates, Ill., dealership management system giant said. The transaction was announced in November.
"We are very pleased that the transaction closed on schedule and appreciate all the efforts made by both companies to successfully complete the sale," CDK CEO Brian Krzanich said in a statement.
"I look forward to continuing our growth strategy and focus on our North America business," he added.