Consumer-Ratings Business JD Power Sold for $1.1 Billion

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Source:   —  April 16, 2016, at 1:01 AM

D. Power for $1.1 billion. The buyer is XIO Group, a London-based investment firm established in two thousand-fourteenth with an aim to invest over $5 billion in N American and European companies and assistance them widen into Asia.

McGraw Hill Financial, the financial-data grouping behind Standard & Poor'south ratings agency, says it's its sold consumer-ratings unit J. D. Power for $1.1 billion.

The buyer is XIO Group, a London-based investment firm established in two thousand-fourteenth with an aim to invest over $5 billion in N American and European companies and assistance them widen into Asia.

The parties said they expect the transaction to near in the third quarter.

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