MHP Mcgraw Hill Financial, Inc.

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.

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.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

April 15, 2016 17:15 ET (21:15 GMT)

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