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Equity Group Buys J.D. Power
Thoma Bravo LLC, a private equity firm with offices in Chicago and San Francisco, has agreed to buy quality survey specialist J.D. Power from Xio Group.
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Thoma Bravo LLC, a private equity firm with offices in Chicago and San Francisco, has agreed to buy quality survey specialist J.D. Power from Xio Group.
Terms of the deal, which is expected to close by year-end, weren’t disclosed. Previous estimates valued J.D. Power at about $1.9 billion.
The California-based company, which has offices in North and South America, Asia Pacific and Europe, says the move will help fuel future growth. In recent years, the company has expanded into consumer markets and digital products.
Thoma Bravo will be Power’s third owner in three years. Xio Group, a London-based buyout firm with ties to Chinese investors, bought the 51-year-old company from McGraw Hill Financial in 2016 for $1.1 billion.
Thoma Bravo says it has more than $30 billion in investor commitments, with a focus on software and technology companies. In May, the investment firm acquired London, Ont.-based Autodata Solutions Group, which supplies data and software services to the automotive industry.
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