Pivotal Acquisition Corp. to Merge with KLDiscovery in a Transaction That Results in a Public Company Valued at $800 Million
(PVT)
Company Research
Source: Business Wire
KLDiscovery, a leading electronic discovery and data recovery services provider, will become a publicly listed company as a result of the transaction With approximately 54% annually recurring revenue, KLD provides cloud-based services and industry leading technology for a client base that includes 65% of Fortune 500 companies and 95% of America’s top 100 law firms KLD projects approximately $310 million in revenue and 36% growth in adjusted EBITDA to $75 million for the fiscal year ending 12/31/19 KLD majority shareholders The Carlyle Group and Revolution Growth will retain and roll over their shares, which will be subject to a lockup period alongside Pivotal Founders TYSONS CORNER, Va. & NEW YORK--(BUSINESS WIRE)-- Pivotal Acquisition Corp. (NYSE: PVT) (“Pivotal”), a public investment vehicle, and KLDiscovery (“KLD” or the “Company”
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