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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.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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