LDiscovery, a technology-enabled eDiscovery services provider, and Corporate Risk Holdings, a provider of diversified risk and information services and parent company of Kroll Ontrack, 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 Q4/16.

Latham & Watkins is serving as legal advisor and RBC Capital Markets is serving as M&A advisor to LDiscovery. The Carlyle Group and Revolution Growth committed debt financing to LDiscovery in support of the transaction.

Houlihan Lokey Capital is serving as the lead financial advisor on the transaction with Evercore serving as an additional advisor to Corporate Risk Holdings. Simpson Thacher & Bartlett is serving as legal advisor to Corporate Risk Holdings.

“By offering best-in-class eDiscovery and data recovery solutions across many market segments, Kroll Ontrack has built an impressive platform, loyal client base and a strong leadership position,” said Chris Weiler, CEO of LDiscovery. “We are delighted to welcome Kroll Ontrack employees to the LDiscovery family and look forward to leveraging our combined expertise to offer clients innovative eDiscovery solutions and superior client service.”