Blackstone, Hellman & Friedman Said Among Firms Looking at CDK

Three of the world’s leading buyout firms are among those looking at CDK Global Inc.’s books, people with knowledge of the matter said.

Blackstone Group, Hellman & Friedman and Permira have been examining CDK’s financial information as the company’s adviser, Morgan Stanley, gauges interest in the provider of information technology to auto dealers, said the people, who asked not to be identified because the information is private. The size of the deal and the challenges facing the activist-targeted company may make completing a deal difficult, the people said, and the firms may decide against making an offer.