Jul 16, 2018
Cadwalader is advising ELEAD1ONE, the leading provider of fully integrated customer relationship management software solutions to automotive dealers, in its acquisition by CDK Global.
ELEAD1ONE serves approximately 4,000 dealerships across North America, including 6 of the top 10 dealer groups, and has over 1,500 employees with offices in Georgia and Florida. CDK Global (Nasdaq: CDK) is a leading global provider of integrated information technology and digital marketing solutions to the automotive retail and adjacent industries. Focused on enabling end-to-end automotive commerce, CDK Global provides solutions to dealers in more than 100 countries around the world, serving approximately 28,000 retail locations and most automotive manufacturers.
The proposed transaction is subject to customary closing conditions.
The Cadwalader team is being led by Corporate special counsel Daniel Raglan and includes Corporate associates Timothy Ormsby, Tyler Carson and Marianna Wonder; Tax Group chair Linda Swartz and Tax partner Edward Wei; Executive Compensation and Employee Benefits partner David Teigman and associate Daniel Shiner; Intellectual Property special counsel Howard Wizenfeld; and Antitrust counsel Ngoc Hulbig.
September 3 Issue
On 13 September, the EBA updated its guidance in respect of the Securitisation Regulation.