- Seasoned executives to lead KLD M&A and IR efforts as
the company transitions to the public markets
KLDiscovery (“KLD”) a leading global provider of electronic
discovery, information governance and data recovery services and
Pivotal Acquisition Corp. (NYSE: PVT) (“Pivotal”), a special
purpose acquisition corporation, are pleased to announce the hiring
by KLD of Greg Mazares as Executive Vice President, Global Director
of Mergers and Acquisitions and the engagement of Simonelli
Capital, led by Richard Simonelli, to advise on communications with
Wall Street.
Prior to joining KLD, Mr. Mazares held various senior executive
roles at leading e-discovery companies including Epiq, Encore Legal
Solutions and most recently at Discovia, prior to its sale to
Lighthouse. He has over 31 years of experience in the litigation
support services industry.
In this role at KLD, Mr. Mazares will be responsible for driving
KLD’s M&A program and continuing its history of successfully
building significant shareholder value through highly focused
capital allocation. Mr. Mazares will work closely with CEO Chris
Weiler, CFO Dawn Wilson and the Board of Directors to execute the
company’s M&A strategy.
Simonelli Capital is a financial communications consultancy
recently launched by Richard Simonelli who has spent the last 8
years as Vice President of Investor Relations for CoStar Group
(NASDAQ:CSGP) building deep relationships with investors, the
sell-side and investment bankers. Mr. Simonelli will oversee and
help KLD build its relationships with the investor community. Mr.
Simonelli has over three decades of international Wall Street
experience including a decade at the New York Stock Exchange as
Senior Managing Director-International.
“We are pleased to welcome Greg and Rich to the KLD team as we
further emphasize the significant M&A opportunity in front of
us and build our shareholder base in the public markets,” said
Chris Weiler, Chief Executive Officer of KLDiscovery. “As we move
towards becoming a public company, it was important that we
continue to build the team that will guide our strategy moving
forward. Both Greg’s and Rich’s proven track records of success
should have a meaningful and immediate impact,” said Mr.
Weiler.
“The recently completed acquisitions of both Strategic Legal
Services and Compiled are just the beginning of the roll-out of our
M&A program,” said Jonathan Ledecky, Pivotal’s Chairman and
Chief Executive Officer. “These additions to the team further
position us for success as we increase our activity level and focus
our capital allocation on highly accretive tuck-in and potentially
larger opportunities which require deep relationships with our
shareholders,” said Mr. Ledecky.
“I have known Chris and the KLD team for over 13 years and have
always admired the company’s technology-first approach to solving
complex problems. I look forward to contributing to its continued
and rapid growth,” said Mr. Mazares.
“KLD has a passion for strong culture and world-class customer
service,” said Mr. Simonelli. “Chris and his team have built a
tremendous platform which they continue to expand with a
significant global footprint. By going public now, they have first
mover advantage. It is an honor to have KLD as one of Simonelli
Capital’s first clients.”
Additional Information and Where to Find It Pivotal has
filed a Registration Statement on Form S-4, including a proxy
statement/prospectus, with the Securities and Exchange Commission
(“SEC”) to be used in connection with its meeting of stockholders
to approve the proposed transaction with KLD. The proxy
statement/prospectus will be mailed to stockholders as of a record
date to be established for voting on the proposed business
combination. INVESTORS AND SECURITY HOLDERS OF PIVOTAL ARE URGED TO
READ THE PROXY STATEMENT, PROSPECTUS AND OTHER RELEVANT DOCUMENTS
THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION. Investors and
security holders will be able to obtain free copies of the proxy
statement/prospectus and other documents containing important
information about Pivotal and KLD once such documents are filed
with the SEC, through the website maintained by the SEC at
http://www.sec.gov. Copies of the documents filed with the SEC by
Pivotal when and if available, can be obtained free of charge on
Pivotal’s website at www.pivotalac.com or by directing a written
request to Pivotal Acquisition Corp., c/o Graubard Miller, The
Chrysler Building, 405 Lexington Avenue, 11th Floor, New York, New
York 10174.
Participants in the Solicitation Pivotal and KLD and
their respective directors and executive officers, under SEC rules,
may be deemed to be participants in the solicitation of proxies of
Pivotal’s stockholders in connection with the proposed transaction.
Investors and security holders may obtain more detailed information
regarding the names and interests in the proposed transaction of
Pivotal’s directors and officers in Pivotal’s filings with the SEC,
including Pivotal’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2018, which was filed with the SEC on April 1,
2019. Information regarding the persons who may, under SEC rules,
be deemed participants in the solicitation of proxies to Pivotal’s
stockholders in connection with the proposed business combination
will be set forth in the proxy statement/prospectus.
No Offer or Solicitation This communication shall neither
constitute an offer to sell or the solicitation of an offer to buy
any securities, nor shall there be any sale of securities in any
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
About KLDiscovery KLDiscovery provides technology-enabled
services and software to help law firms, corporations, government
agencies and consumers solve complex data challenges. The company,
with offices in 40+ locations across 20 countries, is a global
leader in delivering best-in-class eDiscovery, information
governance and data recovery solutions to support the litigation,
regulatory compliance, internal investigation and data recovery and
management needs of our clients. Serving clients for over 30 years,
KLDiscovery 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. In addition, through
its global Ontrack Data Recovery business, KLDiscovery delivers
world-class data recovery, email extraction and restoration, data
destruction and tape management. KLDiscovery has been recognized as
one of the fastest growing companies in North America by both Inc.
Magazine (Inc. 5000) and Deloitte (Deloitte’s Technology Fast 500)
and CEO Chris Weiler was recognized as a 2014 Ernst & Young
Entrepreneur of the Year™. Additionally, KLDiscovery is a
Relativity Certified Partner and maintains ISO/IEC 27001 Certified
data centers around the world. For more information, please email
info@kldiscovery.com or visit www.kldiscovery.com.
About Pivotal Acquisition Corp. Pivotal Acquisition Corp.
(NYSE: PVT), a public investment vehicle, is a blank check company
organized for the purpose of effecting a merger, share exchange,
asset acquisition, stock purchase, recapitalization,
reorganization, or other similar business combination with one or
more businesses or entities. Pivotal’s securities are quoted on the
New York Stock Exchange under the ticker symbols PVT, PVT WS and
PVT.U. For more information, visit www.pivotalac.com.
Forward Looking Statements This press release includes
“forward looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. All statements contained in this
press release other than statements of historical facts, including,
without limitation, statements regarding KLD’s future financial and
business performance for the full-year 2019, attractiveness of
KLD’s product offerings and platform and the value proposition of
KLD’s products, are forward-looking statements. When used in this
press release, the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Pivotal’s or KLD’s management’s control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
that may affect actual results or outcomes include: the inability
to complete the transactions contemplated by the proposed business
combination; the inability to recognize the anticipated benefits of
the proposed business combination, which may be affected by, among
other things, the amount of cash available following any
redemptions by Pivotal stockholders; the ability to meet the NYSE’s
listing standards following the consummation of the transactions
contemplated by the proposed business combination; costs related to
the proposed business combination; KLD’s ability to execute on its
plans to develop and market new products and the timing of these
development programs; KLD’s estimates of the size of the markets
for its solutions; the rate and degree of market acceptance of
KLD’s solutions; the success of other competing technologies that
may become available; KLD’s ability to identify and integrate
acquisitions; the performance and security of KLD’s services;
potential litigation involving Pivotal or KLD; and general economic
and market conditions impacting demand for KLD’s services. Other
factors include the possibility that the proposed transaction does
not close, including due to the failure to receive required
security holder approvals, the failure of other closing conditions,
as well as other risks and uncertainties set forth in the “Risk
Factors” section of Pivotal’s Registration Statement on Form S-4
and any subsequent reports that Pivotal files with the SEC. Neither
Pivotal nor KLD undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190903005431/en/
Investor Relations Richard Simonelli 202-450-9516
Richard.Simonelli@KLDiscovery.com
Marc P. Griffin 646-277-1290 Marc.Griffin@ICRinc.com
Michael Bowen 203-682-8299 Michael.Bowen@ICRinc.com
Media Krystina Jones 888-811-3789
Krystina.Jones@KLDiscovery.com
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