FALLS CHURCH, Va., August 3, 2010 – Altegrity, Inc., an industry-leading provider of information solutions to its clients around the world in the areas of screening, risk analysis, and security solutions, and Marsh & McLennan Companies, Inc. (NYSE: MMC), the global professional services firm, today announced the completion of the acquisition of Kroll Inc. by Altegrity. The agreement to acquire Kroll was announced on June 7, 2010, and was subject to certain regulatory approvals and other customary closing conditions.
Altegrity, which is principally owned by Providence Equity Partners, acquired Kroll from MMC in an all-cash transaction valued at $1.13 billion. Goldman, Sachs & Co. and Apollo Investment Corp. provided debt financing for the transaction. MMC was advised by Perella Weinberg Partners and Wachtell, Lipton, Rosen & Katz, LLP. Altegrity was advised by Goldman, Sachs & Co. and Bank of America Merrill Lynch. Debevoise & Plimpton LLP served as legal counsel to Altegrity and Providence.
Kroll becomes the newest member of the Altegrity family of businesses, joining USIS, HireRight,Explore, and Altegrity Risk International (ARI) . The acquisition brings together the highly complementary Altegrity and Kroll business lines and further diversifies the business offerings of Altegrity.