Kroll Ontrack to Be Acquired By Carlyle Group-Backed Firm for $410M

In a transaction that will create one of the largest e-Discovery review companies, the Carlyle Group-backed LDiscovery on Friday announced it will purchase its larger rival Kroll Ontrack for $410 million in an all cash transaction.

The two e-Discovery companies have signed a definitive agreement, and it is expected to close in the fourth quarter, according to the announcement .

Together, the companies will have 1,300 employees in 19 countries, the announcement said. Both companies operate in the review space, rather than the software space. Both companies are partners with kCura, and employ dozens of certified experts and administrators of its Relativity ...