Mexican Media Brands
XIO Group Buys J.D. Power
XIO Group, a London-based buyout firm, has agreed to acquire quality survey experts J.D. Power for $1.1 billion in cash.
Share
XIO Group, a London-based buyout firm, has agreed to acquire quality survey experts J.D. Power for $1.1 billion in cash. The deal is expected to be finalized in the third quarter of 2016.
Power was acquired by McGraw-Hill Financial in 2005. XIO, which has ties to Chinese investors, outbid Advent International Corp., a Boston-based private equity firm, for the company. McGraw-Hill has been shopping Power since last October.
XIO was formed two years ago and has about $5 billion under management. Power was launched in 1968 by David Power and his wife Julie in their kitchen in California. The company currently operates a dozen offices around the world and generates annual revenue of about $350 million.
RELATED CONTENT
-
Mustang Changes for 2018
On Tuesday Ford unveiled—using the social media channels of actor Dwayne Johnson (this has got to unnerve some of the auto buff book editors)—the 2018 Mustang, which has undergone some modifications: under the hood (the 3.7-liter V6 is giving way to a 2.3-liter EcoBoost four, and a 10-speed automatic is available), on the dash (a 12-inch, all-digital LCD screen is available for the dashboard), at the tires (12 wheel choices), on the chassis (MagneRide damper technology is being offered with the Mustang Performance Package), and on the exterior (three new paint colors). And while on the subject of the exterior, there are some notable changes—a lower, remodeled hood, repositioned hood vents, new upper and lower front grilles, LED front lights, revised LED taillamps, new rear bumper and fascia.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
