Sale to The Carlyle Group and Revolution Growth

Technology & Services
Sale to The Carlyle Group and Revolution Growth

Summary

Baird served as exclusive financial advisor to LDiscovery, LLC on this transaction.

About

The Carlyle Group (“Carlyle”) (NASDAQ-GS:CG) and Revolution Growth, alongside management, recently announced the acquisition of LDiscovery, LLC (“LDiscovery” or the “Company”), a portfolio company of WestView Capital Partners (“WestView”). Terms of the transaction were not disclosed.

LDiscovery is a leading provider of tech-enabled information discovery and governance solutions. The Company’s solutions help clients to optimize outcomes in corporate litigation and regulatory investigations and to meet compliance requirements. LDiscovery offers a comprehensive suite of E-Discovery services, which are powered by the Company’s proprietary technology. In addition, LDiscovery offers select, complementary information governance solutions which allow clients to manage data in one comprehensive, unified solution. LDiscovery is headquartered in McLean, Virginia.

WestView is a private equity firm managing approximately $1 billion in capital across three funds. WestView focuses exclusively on middle market growth companies across a range of industries including business services, software & IT services, consumer, healthcare technology & outsourcing and industrial. WestView is based in Boston, Massachusetts.

The Carlyle Group is a global alternative asset manager with $188 billion of assets under management across 126 funds and 160 fund of funds vehicles. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,700 people in 35 offices across six continents and is headquartered in Washington, D.C.

Revolution Growth operates as a private equity subsidiary of Revolution LLC and specializes in start-up, growth capital, and later stage investments. Its mission is to build disruptive, innovative businesses that offer consumers more choice, convenience and control in their lives. Revolution Growth is headquartered in Washington, D.C.

For additional information about this transaction, please contact:

Chris Hildreth +1 (312) 609 4937
Les Cheek +1 (617) 426 5789
Jonathan Harrison +44 (207) 667 8414
Chase Sanders +1 (202) 303 1807
Kristy Obuchowski +1 (312) 609-7023
Jeremy Fiser +1 (312) 609 7064
Technology & Services
Sale to The Carlyle Group and Revolution Growth
Date
January 2016
Company
LDiscovery, LLC
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

Share