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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 Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
