Globalalternative investments firm XIO Group and private equity firm are seekingto buy J.D. Power from McGraw HillFinancial Inc., Reuters reported April 1, citing "people familiarwith the matter."
In additionto Advent, other Western private equity firms are also interested in acquiring thecompany, according to the report.
McGrawHill first intimated it was looking for a buyer for J.D. Power on , confirming earlier . At the time, one source toldThe New York Times that the business couldbe valued at as much as $1 billion.
JasonFeuchtwanger, a spokesman for McGraw Hill, declined to comment on the report.XIO Group did not immediately respond to requests for comment.
S&P Global Market Intelligenceis owned by McGraw Hill Financial.