Kroll Ontrack acquired by LDiscovery

1it enterprise

1it enterpriseIn January 2016, LDiscovery acquired the Kroll Ontrack for $410 million despite its acquisition by the private equity houses The Carlyle Group and Revolution Growth is surprising. LDiscovery obtains Kroll Ontrack from Corporate Risk Holdings in an all-cash deal that will generate a mutual organization of 12,000 customers’ across the Globe, offices in 19 countries, and approximately 1,300 employees worldwide. The Virginia-headquartered company was graded 422 in Deloitte’s 2015 Technology Fast 500 a standing of the fastest developing companies in media, life science, telecommunication, technology and energy tech sectors in North America.

 

William Darman, managing director of the Carlyle said LDiscovery has an exceptional status for client service and an excellent technology platform and has been at the forefront of the swiftly developing eDiscovery services market. He added that they are enthusiastic to collaborate with LDiscovery’s CEO Chris Weiler and his team of management to aid the organization chase planned acquisitions and capitalize in an innovative solution to best serve its clients. The deal is expected to close in the fourth quarter of 2016 and is subjected to the customary closing condition. The Carlyle Group and Revolution Growth, Simpson Thacher & Bartlett is advising Corporate Risk Holdings and Latham and Watkins are the legal advisors to LDiscovery.