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LDiscovery closes acquisition of Kroll Ontrack

LDiscovery LLC has completed its acquisition of Kroll Ontrack LLC from Corporate Risk Holdings LLC.

The combined company now operates out of 43 offices in 19 countries and has 12 data centers, 14 data recovery labs and about 1,300 employees. It will be led by Chris Weiler as CEO, Mark Williams as president and COO and Douglas Strahan as CFO.

LDiscovery, a provider of electronic discovery, data recovery and information governance solutions, is a portfolio company of Carlyle Group LP and Revolution Growth.

Latham & Watkins LLP served as legal adviser and RBC Capital Markets served as M&A adviser to LDiscovery, Carlyle Group and Revolution Growth. RBC Capital Markets, TD Securities and Northwestern Mutual led the debt financing for LDiscovery in support of the transaction.