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-0.00012196609342609 0.000487864373704013 0.00207342358824249 0.000609830467130103 0.00085376265398211 -0.000426881326991228 0.00109769484083412 0.0009757287474082
Stock impact report

J.D. Power's China-backed owner puts company up for sale -sources [Reuters]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Reuters
J.D. Power's China-backed owner puts company up for sale -sources - Reuters 3 Min Read May 23 (Reuters) - XIO Group, the China-backed private equity firm which owns J.D. Power, is exploring a sale of the U.S. customer survey and car ratings company that could value it at close to $1.9 billion, including debt, people familiar with the matter said on Friday. XIO’s acquisition of J.D. Power in 2016 attracted U.S. government scrutiny because the buyout firm has investors from China. XIO has decided the time has come to sell the company so it can score a profit on its investment, according to the sources. XIO has hired investment bank Evercore Partners Inc to run a sale process for J.D. Power, which has 12-month earnings before interest, taxes, depreciation and amortization of about $135 million, the sources said. The sources asked not to be identified because the matter is confidential. XIO, J.D. Power and Evercore declined to comment. Based in Costa Mesa, California, J.D Power provides c Show less Read more
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