China-backed PE firm XIO sells market research unit J.D. Power to Thoma Bravo

China-backed PE firm XIO sells market research unit J.D. Power to Thoma Bravo

Photo: REUTERS/Beawiharta

China-backed private equity firm XIO Group has agreed to sell its data analytics and consumer intelligence business J.D. Power to technology-focused PE firm Thoma Bravo for an undisclosed amount.