Transaction Announcement

Houlihan Lokey is pleased to announce that Corporate Risk Holdings, LLC has sold its Kroll Ontrack business to LDiscovery, LLC, a portfolio company of The Carlyle Group and Revolution Growth, in an all-cash transaction valued at approximately $410 million. The transaction closed on December 9, 2016.

Kroll Ontrack is a leading global provider of technology-driven services and solutions to help clients manage, recover, search, analyze, produce, and present data efficiently and cost effectively. In addition to its award-winning suite of software, Kroll Ontrack provides data recovery, data destruction, electronic discovery, document review, and consulting services to a global client base. Kroll Ontrack operates through a network of 28 offices and seven data centers across 19 countries, with headquarters in the Minneapolis, Minn., area.

Corporate Risk Holdings is a global leader in diversified risk and information services, headquartered in New York, N.Y.  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.

If you would like more information about Houlihan Lokey, or if you have any questions regarding our role in this transaction, please contact one of the team members listed.

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Houlihan Lokey (NYSE: HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia‑Pacific region. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked as the No. 1 M&A advisor for all U.S. transactions, the No. 1 global restructuring advisor, and the No. 1 global M&A fairness opinion advisor over the past 15 years, according to Thomson Reuters.