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Hiltzik Strategies represents private equity firm Thoma Bravo as it acquires J.D. Power, car-ratings/market analytics company, from China’s XIO Group for $1.8B.
McGraw Hill Financial sold J.D. Power to the Hong Kong-based entity for $1.1B in 2016.
Scott Crabill, managing partner at Thoma Bravo, called J.D. Power “one of the most recognized brands in the world, synonymous with a deep understanding of real-world customer experiences” and a provider of “trusted insight that businesses of every type need in order to make critical strategic decisions.”
Based in Costa Mesa, CA, J.D. Power has 16 offices throughout the world. CEO Dave Habiger said partnering with Thoma Bravo will help fuel his company’s expansion plans.
In May, Thoma Bravo acquired Autodata Solutions Group, provider of data and software services to the automotive industry.
Hiltzik’s Chris Cummings is working the Thoma Bravo deal.
Joele Frank handles C.H. Robinson Worldwide as the freight transportation company acquires RXO Inc. in a stock and cash transaction pegged at $5.8B to create a company with an enterprise value of more than $25B.
Brunswick Group handles France’s Schneider Electric as it acquires Boston’s PTC, maker of engineering software, for $22.6B cash.
Burson Buchanan handles AAR Corp as the supplier of parts and services to the aviation market acquires a 65 percent stake in MRO Holdings.
The financial services industry thinks it needs more communications, when the real issue is credibility—and that requires entirely different solutions.
Starting out with the goal of creating a “different model” for communications, Tier One’s leaders discuss creating value for firms in financial/fintech, professional services and other high-tech industries.
