Spotlight on: KLDiscovery
Description
KLDiscovery Inc is a provider of technology-enabled services and software to help law firms, corporations, government agencies, and consumers solve complex data challenges. It provides eDiscovery, information governance, and data recovery solutions to support the litigation, regulatory compliance, internal investigation, and data recovery and management needs of its clients. The company offers data collection and forensic investigation, early case assessment, electronic discovery and data processing, application software and data hosting for web-based document reviews, and managed document review services. Through its Ontrack Data Recovery business, KLDiscovery delivers data recovery, email extraction and restoration, data destruction and tape management.
Most Recent Financing Status (as of 05-Jan-2023)
The company completed a $479.85 million debt refinancing round on February 8, 2021. Blackstone Private Credit Fund BDC, Blackstone, The Goldman Sachs Group, and Blackstone Secured Lending Fund BDC, Wilmington Trust provided a $300 million term loan A and a $50 million delayed drawn term loan, a $69.88 million first lien debt and a $20 million delayed draw term loan to the company. The funds will be used to refinance existing debt obligations with increased capacity and reduced principal amortization, lowering annual debt payments from $17 million to $3 million.
HQ Location: McLean, VA
Employees: 2,855
Market Cap: $55.37M
Enterprise Value: $541.23M
Growth Rate: 2.42% (97th Percentile)
Institutional Investors:
- Pivotal Acquisition
- The Carlyle Group
- Revolution/ROTR
- WestView Capital Partners
- Abacus Finance Group
- Maranon Capital
To learn more about KLDiscovery, visit their website or follow them on LinkedIn or Twitter.
Source: Pitchbook, March 2023
Published March 7, 2023.
