XIO Group agrees JD Power sale to Thoma Bravo
XIO Group, a cross-border PE firm established by several Asia-based investment professionals, has agreed to sell market research business J.D. Power to technology-focused GP Thoma Bravo.
The size of the transaction was not disclosed, but Reuters reported in May that XIO was seeking an enterprise valuation of $1.9 billion. It bought the business in 2016 for $1.1 billion from McGraw Hill...
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