McGraw Hill Financial Inc. has agreed to sell J.D. Power, known for its ratings on auto makers and other industries, for $1.1 billion to investment firm XIO Group.
Continue Reading Below
In October, McGraw Hill said it would explore alternatives for J.D. Power. At the time, people familiar with the matter said it could attract a valuation of around $1 billion.
The deal is slated to close during the third quarter.
McGraw Hill Financial's brands include Standard & Poor's Ratings Services and Platts.