M&A Deal Summary

Thoma Bravo Acquires J.D. Power

On July 30, 2019, private equity firm Thoma Bravo acquired information services company J.D. Power from XIO Group

Acquisition Highlights
  • This is Thoma Bravo’s 2nd transaction in the Information Services sector.
  • This is Thoma Bravo’s 77th transaction in the United States.
  • This is Thoma Bravo’s 21st transaction in California.

M&A Deal Summary

Date 2019-07-30
Target J.D. Power
Sector Information Services
Buyer(s) Thoma Bravo
Sellers(s) XIO Group
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)
Cravath, Swaine & Moore (Legal)

Target

J.D. Power

Westlake Village, California, United States
J.D. Power is a marketing information services company providing performance improvement, social media, and customer satisfaction insights and solutions. J.D. Power was founded in 1968 and is based in Westlake Village, California.

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Buyer(S) 1

Buyer

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 84 of 138
Sector (Information Services) 2 of 2
Type (Secondary Buyout) 22 of 31
State (California) 21 of 31
Country (United States) 77 of 119
Year (2019) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 Cority

Toronto, Ontario, Canada

Cority provides organizations to utilize EHSQ software to advance their journey to sustainability and operational excellence by combining the deepest domain expertise with the most comprehensive and secure true SaaS platform. Cority was founded in 1985 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-02 Elemica

Wayne, Pennsylvania, United States

Elemica is a Digital Supply Network for the process manufacturing industries. Elemica accelerates digital transformation by connecting, automating, anticipating, and then transforming inter-business supply chain processes for the products they buy, sell, move, and comply. Elemica was founded in 2000 and is based in Wayne, Pennsylvania.

Sell -

Seller(S) 1

SELLER
DESCRIPTION

Xio Group is an alternative investment firm focused on investing in and growing market-leading and high-performing businesses located across Europe and North America. The Firm looks to partner with management to help these companies expand into new markets, particularly China. Xio Group was formed in 2014 and is based in London.


DEAL STATS #
Overall 2 of 3
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Compo Expert

Munster, Germany

Compo Expert offers a broad range of high-quality, innovative special fertilizers for professional users. Compo Expert is based in Munster, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Lumenis

Yokneam, Israel

Lumenis Ltd. is a medical company for surgical, ophthalmology and aesthetic appliances & equipment. Lumenis was founded in 1991 and is based in Yokneam, Isreal.

Sell $1.0B