Corporate Risk Holdings Completes Sale of Kroll Ontrack to LDiscovery
December 9, 2016
New York, NY – December 9, 2016 – Corporate Risk Holdings, LLC, a global leader in diversified risk and information services and parent company of Kroll Ontrack, today announced the successful completion of the sale of Kroll Ontrack to LDiscovery LLC. The all-cash transaction is valued at approximately $410 million, subject to certain closing adjustments.
LDiscovery, a portfolio company of The Carlyle Group and Revolution Growth, is a leading provider of end-to-end eDiscovery solutions that support its clients’ litigation, regulatory compliance, and internal investigation needs.
Simpson Thacher & Bartlett LLP served as legal advisor to Corporate Risk Holdings and Houlihan Lokey Capital, Inc. served as its lead financial advisor on the transaction. Evercore LLC serves as an advisor to Corporate Risk Holdings.
Latham & Watkins LLP served as legal advisor and RBC Capital Markets served as M&A advisor to LDiscovery, The Carlyle Group and Revolution Growth and RBC provided committed debt financing to LDiscovery in support of the transaction.
About Corporate Risk Holdings, LLC
Corporate Risk Holdings is a global leader in diversified risk and information services, headquartered in New York, NY. Corporate Risk Holdings is the parent company of: HireRight, a leading global provider of employment background screening and eligibility solutions; and Kroll, a leading global provider of a broad range of investigative and advisory solutions to help clients identify, remediate and monitor business risks.
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