A U.S. private equity firm that recently acquired Autodata Solutions Group has now reached an agreement to buy J.D. Power and Associates, the data analytics and consumer intelligence firm that also has close ties to the auto industry.
Equity firm Thoma Bravo, with offices in San Francisco and Chicago, said late Tuesday that it expects the transaction to acquire J.D. Power to close by year end, subject to customary closing conditions.
Terms were not announced. But Reuters had reported in May that the seller, China-backed equity firm XIO Group, was looking to value J.D. Power at close to $1.9 billion, including debt, citing people familiar with the matter.
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