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.