IPO Edge Editor Jannarone: KLDiscovery and Pivotal Acquisition Corp are an Ideal Match – Real Vision – IPO Edge
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IPO Edge Editor Jannarone: KLDiscovery and Pivotal Acquisition Corp are an Ideal Match – Real Vision
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IPO Edge Editor Jannarone: KLDiscovery and Pivotal Acquisition Corp are an Ideal Match – Real Vision

In an interview with Jake Merl on Real Vision, IPO Edge Editor-in-Chief John Jannarone makes the case for investing in KLDiscovery, which is going public through a merger with Pivotal Acquisition Corp. (ticker: PVT). KLDiscovery is a dominant player in the field of data discovery, which is a central part of civil lawsuits in the U.S. and abroad.  The deal looks attractively priced at under 11 times Ebitda, a significant discount to comparable companies such as SS&C (ticker: SSNC). Importantly, Pivotal Acquisition is run by Jon Ledecky, a veteran dealmaker who is known for successful rollup strategies. Mr. Ledecky also has another special purpose acquisition company, or SPAC,  called Pivotal Investment Corporation II, which has raised money but not yet announced a target.

 

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