Private Equity News & Analysis

Providence to buy Kroll for $1.13bn

The all-cash deal will allow Providence to add Kroll to its security and screening platform company Altegrity.

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Providence Equity Partners has agreed to acquire corporate investigation powerhouse Kroll for $1.13 billion in an all-cash transaction from Marsh & McLennan Companies.

Providence will match Kroll with portfolio company Altegrity, an international screening and security company, which the firm bought in 2007.

The deal is expected to close in September.

Goldman Sachs and Apollo Investment Corporation are providing debt financing on the deal.

Last month, Providence agreed to acquire Virtual Radiologic Corporation, a radiology practice, in a deal valued at $294 million.