Apr
17
McGraw Hill to Sell J.D. Power for $1.1 Billion
ByXIO Group, a private equity firm co-founded in 2014 by the former head of BlackRock Alternative Investors for Asia Pacific, said on Friday that it had agreed to acquire J. D. Power and Associates for $1.1 billion from McGraw Hill Financial, in what will be its biggest investment yet and its first in the United States.
J. D. Power, best known for its consumer surveys in more than a dozen industries, notably for new cars, has been a subsidiary of McGraw Hill Financial for 11 years…