October 21, 2016
LDiscovery, LLC, a technology-enabled eDiscovery services provider, and Corporate Risk Holdings, LLC, a global leader in diversified risk and information services and parent company of Kroll Ontrack, have announced a definitive purchase agreement under which LDiscovery will acquire Kroll Ontrack in an all-cash transaction valued at approximately $410 million. LDiscovery is a portfolio company of The Carlyle Group and Revolution Growth. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2016.
Latham & Watkins LLP represents LDiscovery and The Carlyle Group in the transaction with a corporate deal team led by partner Paul Sheridan, with associates Michael Koltonyuk and Daniel Valenza. Advice was also provided on tax matters by partner Andrea Ramezan-Jackson, with associate Valentin Riazanov; on intellectual property matters by counsel Kieran Dickinson, with associate Morgan Brubaker; on benefits and compensation matters by partner David Della Rocca, with associate Marysia Mullen; on antitrust matters by partners Marc Williamson, Jason Cruise and Luca Crocco, with associates Kory Wilmot and Sebastian Max Hauser; on finance matters by partner Jennifer Van Driesen, with associates Benjamin Berman and Melissa Frankel Fabian; and on regulatory matters by partner Les Carnegie, with associates Alicia Neubig and Erin Brown Jones. All lawyers are based in the firm’s Washington, D.C. office, with the exception of Mr. Crocco in Brussels and Mr. Hauser in the Frankfurt.