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37-484: The company was set up in 2004 by two former senior executives from Kroll Inc. For a period of time it was owned by Kinnevik and it was then subject to a management buyout. In 2011, it was reported that the company was linked to an incident involving Adam Werritty , that led to the resignation of former UK Secretary of State for Defence Liam Fox . In 2012, it was reported that the Group had received £1.5 million from

74-409: A $ 1.9-billion transaction. In June 2008, Jules Kroll left Kroll Inc. In August 2010, Kroll was acquired by Altegrity, Inc. in an all-cash transaction valued at $ 1.13 billion. Altegrity declared bankruptcy in 2015, and Kroll was later bought by Corporate Risk Holdings, LLC. On October 21, 2016, Carlyle Group -owned KLDiscovery purchased Kroll Ontrack for around $ 410 million and operated it as

111-469: A $ 146 million management buyout . The buyout was backed by Freeman, Spogli & Co. , a private equity firm that controlled approximately two-thirds of the company, and management and employees owning the remaining third of the company's equity. The transaction was highly leveraged , financed with 79% bank borrowings and 15% coupon high-yield bonds . The company was taken public for the first time in 1992 through an initial public offering of stock on

148-569: A Texas-based investment banking firm focused on transactions in the middle market. In July 2014, Duff & Phelps acquired the Restructuring and Insolvency Division of RSM Farrell Grant Sparks (“RSM FGS”), one of the largest dedicated restructuring and insolvency teams operating in the Republic of Ireland. The acquisition expanded Duff & Phelps’ Global Restructuring Advisory Practice to include more than 200 professionals across Europe,

185-481: A financial consulting firm specializing in intellectual property dispute support and expert testimony. In June 2010, Duff & Phelps announced it acquired Cole & Partners, a Toronto-based independent financial advisory practice. The acquisition established a Canadian presence for Duff & Phelps and enhanced the firm’s dispute consulting, valuation and corporate finance advisory services. In July 2011, Duff & Phelps announced it acquired Growth Capital Partners,

222-472: A global investor consortium led by funds managed by Stone Point Capital and Further Global at a valuation of $ 4.2 billion. Permira as well as the existing management team agreed to maintain a "a meaningful equity stake in the firm." In 2007, Duff & Phelps acquired Rash & Associates, a nationwide provider of property tax management services. In 2009, Duff & Phelps acquired Lumin Expert Group,

259-601: A leading corporate finance firm in the Republic of Ireland. On June 4, 2018, Duff & Phelps purchased Kroll Inc. and it purchased Prime Clerk in 2019. In February 2021, Duff & Phelps announced plans to unify the companies under the Kroll brand, which completed in February 2022. On March 25, 2021, Kroll announced that it had acquired Redscan, a UK based cyber security company. In March 2022, Kroll acquired Canadian risk intelligence software company Resolver. Kroll

296-605: A middle-market investment banking firm. In 2005, the company raised equity from Vestar Capital Partners to support the company's acquisition strategy that included the purchase of Standard & Poor's Corporate Value Consulting business as well as Valuemetrics, a financial advisory firm specializing in valuation services founded in 1981. In 2006, it acquired specialty restructuring firm Chanin Capital Partners, LLC. In 2007, Duff & Phelps completed its second initial public offering raising $ 133 million and listing

333-462: A public company, Duff & Phelps again agreed to a take-private offer from private equity firms. On December 30, 2012, Duff & Phelps, announced that it had entered into an agreement to be acquired for approximately $ 665.5 million by a consortium, comprising controlled affiliates of or funds managed by The Carlyle Group , Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group . In December 2015, Duff & Phelps announced that

370-591: A separate company. In 2018, Kroll acquired cybersecurity firm Tiversa . In August 2020, in the Court of Session , the Scottish Lord Advocate accepted that the prosecution of two Duff & Phelps administrators, Paul Clark and David Whitehouse, after the Rangers F.C. administration in 2012 had been "malicious" and without "probable cause". The court ordered the interim payment of £600,000 costs to

407-692: Is an American commercial bank based in Stamford, Connecticut . It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey ; Westchester , Orange , Ulster , and Rockland counties in New York as well as New York City . Webster was founded in 1935 by Harold Webster Smith as the First Federal Savings of Waterbury in Connecticut. Only 24 years old, Smith borrowed from family and friends to found

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444-716: The National Bank of Moldova hired Kroll to present its findings from Project Tenor involving Ilan Shor 's Shor Holding and the 2014 Moldovan bank fraud scandal which was part of the Russian Laundromat . In 2015 Kroll was hired by Harvey Weinstein to wipe evidence of sexual abuse from the electronic devices of Ambra Gutierrez as part of a settlement he reached with her. Weinstein had frequent interactions with Kroll especially when trying to find discrediting information about potential critics and accusers. Webster Financial Corporation Webster Bank

481-720: The New York Stock Exchange . By the mid-1990s, Duff & Phelps, which was operating as a publicly traded company, began to focus on its core investment management, financial advisory and corporate finance operations. As a result, in October 1994, the Duff & Phelps's credit rating business, Duff & Phelps Credit Rating Co., was spun off to its shareholders and listed on the New York Stock Exchange. In 2000, Duff & Phelps Credit Rating Co.

518-508: The Austin city council in March 2021. Kroll's business and investigations practice provides background checks on Instagram influencers , using publicly-accessible online information to prevent them being 'cancelled' for problematic or potentially disreputable behaviour (e.g. tweets which includes offensive language or content). An agreement between the government of Ghana and Kroll for

555-579: The Kroll Fraud Solutions unit, which specializes in identity theft protection and identity restoration services. Kroll offers consulting services through Kroll Security Group, its Security Consulting and Security Engineering & Design division. In 2020, Kroll was hired by the Austin Police Department to evaluate the department's policies and protocols for racism and discrimination. They presented their findings to

592-679: The September 11 attacks, Kroll Inc., under the guidance of Jerome Hauer , the managing director of their Crisis and Consulting Management Group, hired former FBI special investigator John P. O'Neill , who specialized in the Al-Qaeda network held responsible for the 1993 bombing, to head the security at the WTC complex. O'Neill died in the attacks. In March 1992, the Yeltsin government contracted Kroll to track down large sums of money removed from

629-731: The Soviet Union prior to the 1991 Soviet coup d'état attempt . On March 15, 1992, following accusations from First Deputy Prime Minister Yegor Timurovich Gaidar of "large-scale privatization by the nomenklatura ", the Russian government froze all capital outflows from Russia, and eventually, the assets of the Vnesheconombank . Despite investigators stating they received very little support from Russian authorities, Kroll determined more than $ 14 billion (in 1991 real dollars) had been transferred from Switzerland to New York prior to

666-446: The U.S. and Canada. In 2015, Duff & Phelps made two significant acquisitions. The first was of Kinetic Partners, a UK-based financial regulatory consulting firm with 200 employees. As a result of this acquisition, Duff & Phelps launched its Financial Regulatory and Compliance practice. The second acquisition was of American Appraisal, a Milwaukee-based valuation company with nearly 1,000 employees globally. This acquisition broadened

703-569: The University of California’s Office of the Chief Investment Officer would make a significant minority investment in the firm. As part of the transaction, The Carlyle Group and Duff & Phelps’ senior management group increased its investment. Stonepoint Capital LLC, Edmond de Rothschild Group and Pictet Group sold their equity interest in Duff & Phelps. In November 2017, Permira, a global private equity firm, announced

740-501: The acquisition of Duff & Phelps from The Carlyle Group, Neuberger Berman, the University of California’s Office of the Chief Investment Officer of the Regents and Pictet & Cie for $ 1.75 billion. The management team, led by CEO, Noah Gottdiener and President, Jacob Silverman, maintained a significant equity stake in the company and remained in their rolls. In January 2020, Duff & Phelps announced it had agreed to be acquired by

777-471: The administrators. The administrators sought £20.8 million in damages from the Crown Office and Police Scotland . Kroll provides risk, governance, transaction and valuation advisory. Kroll's background screening division provides screening services for areas such as employment, supplier selection, investment placement and institutional admissions. Kroll's Background Screening division also includes

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814-541: The company in question, André Esteves , Roberto Mangabeira Unger and Dario Messer signed a schedule agreement to privatize Brazilian state-owned enterprises. Kroll were responsible for revamping security at the World Trade Center after the 1993 World Trade Center bombing . They also took on responsibility for security at Chicago's Sears Tower following the September 11, 2001 attacks . Just prior to

851-577: The company's shares on the New York Stock Exchange . The IPO provided a partial exit for its two private equity financial sponsors. Also in 2007, the firm formed a strategic alliance with Tokyo-based Shinsei Bank . The firm has continued its acquisition strategy acquiring Dubinsky & Co., a financial consulting company and Kane Reece Associates. In 2010, the firm acquired the consulting business of Dynamic Credit Partners, bringing specialized talent in complex fixed income securities analysis, valuation and litigation support. After less than five years as

888-476: The defence contractor BAE Systems . The company was reported to be worth £20 million in 2011. Kroll Inc. Kroll (formerly Duff & Phelps ) is a financial and risk advisory firm established in 1932 and based in New York City . In 2018, Kroll was acquired by Duff & Phelps. In 2021, Duff & Phelps decided to rebrand itself as Kroll, a process it completed in 2022. Duff & Phelps

925-775: The firm to retrieve assets and investigate wrongdoings by previous appointments was subject to two lawsuits in 2020, challenging the constitutionality of the agreement. Both lawsuits were dropped in April 2021. Kroll was hired in 2018 by Michigan State University during the Larry Nassar case to investigate over 170 sexual assault cases at the university. In 1987, in the prominent First Amendment case over The Heroin Trail stories in New York Newsday , attorney Floyd Abrams enlisted Kroll's help to find an eyewitness: "But

962-981: The government of Bahrain for "a media campaign to support the Kingdom of Bahrain's stance before the international community", during the Bahraini uprising . In June 2012, Proven acquired Palmer Legal Technologies, a provider of e-discovery and digital forensics services to litigation and dispute resolution teams involved in commercial litigation, internal compliance reviews and regulatory investigations. The firm has offices in London and New York City and works with multinational corporations and financial institutions on dispute resolution, regulation and compliance, cyber security, reputation management , integrity due diligence and corporate social responsibility. The company also provides intelligence for businesses, such as competitor analysis and cyber security , including for

999-491: The insurance premium finance company Budget Installment Corporation, Webster Capital Finance, and provides health savings account trustee and administrative services through HSA Bank of Sheboygan, Wisconsin , a division of Webster Bank. In 2015, Webster Bank had over $ 24 billion in assets and a market capitalization of over $ 3 billion. Its network included over 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; and Westchester County, New York. After

1036-482: The lending institution providing home loans to Connecticut citizens. He served as CEO until 1987 and as chairman of the board until 1995 when First Federal was renamed Webster Bank in his honor. Among milestones in Webster's history: Webster Financial Corporation is the holding company for Webster Bank, N.A. and Webster Insurance. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation,

1073-642: The putsch (mostly in joint-stock companies , such as the Leningrad Association of Joint Ventures ), and that another $ 40 billion plus (in 2014 dollars) had been transferred out of Russia by the Communist Party and other government agencies of the former Soviet Union, through hundreds of illicit transactions. This outflow of capital contributed to severe economic conditions in Russia during Boris Yeltsin ’s second term. On 28 January 2015,

1110-559: The type of valuation work Duff & Phelps did in the U.S., specifically in fixed asset management and insurance solutions (FAMIS). In addition to the new locations in the U.S., the acquisition established new locations for the firm in Europe and Asia. The American Appraisal acquisition also included the Real Estate Advisory Group (REAG) business. In May 2016, Duff & Phelps acquired Corporate Finance Ireland (CFI),

1147-406: Was acquired by Fitch Group , which later eliminated the use of the Duff & Phelps name. In 2004, Lovell Minnick Partners sponsored a management buyout of the company, the second time the company had undergone a leveraged buyout transaction, acquiring the company from its then owner, Webster Financial Corporation . As part of the transaction, the company was merged with Stone Ridge Partners,

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1184-463: Was founded in 1932 by William Duff and George Phelps in Chicago to provide investment research. Since that time, the firm expanded into corporate finance and investment management, as well as credit rating . In 1979, Duff & Phelps expanded into investment management , creating what would become Duff & Phelps Investment Management Co. (DPIMC), which was spun off into its own company in 2009 and

1221-605: Was founded in 1972 by Jules Kroll as a consultancy servicing corporate purchasing departments. Kroll began its line of work in financial sector investigations in the 1980s when corporations approached Kroll to profile investors, suitors, and takeover targets. In the 1990s, Kroll expanded into forensic accounting , background screening, drug testing, electronic data recovery (with the acquisition of Ontrack Data Recovery ), and market intelligence . In 1997, Kroll merged with vehicle armoring company O'Gara-Hess & Eisenhardt to form Kroll-O'Gara. The company became public and

1258-529: Was it conceivable that we could come up with an eyewitness who could be of help? I called Jules Kroll, the CEO of Kroll Associates, the nation's most acclaimed investigative firm, to ask him if he could inquire, through the extensive range of former law enforcement officials employed by him, whether Karaduman was known to be a drug trafficker in Istanbul ." Two weeks into the trial Kroll produced Faraculah Arras, who

1295-598: Was listed on the NASDAQ as "KROG". In August 2001, the O’Gara vehicle armoring businesses were sold to Armor Holdings , and the company's name was changed to Kroll Inc. and its ticker symbol to "KROL". In 2002, Kroll acquired restructuring firm Zolfo Cooper for $ 153 million. At the time, Zolfo Cooper was working on the Enron case . In July 2004, Kroll was acquired by professional services firm Marsh & McLennan Companies in

1332-506: Was no longer part of the main Duff & Phelps firm. In 1984, the company was nearly acquired by Security Pacific Corp. in a $ 35 million transaction. However, the deal was called off in early 1985 by Security Pacific Corp. because of restraints put on the deal by the Federal Reserve Board , which would have precluded the company from issuing public credit ratings. The company was acquired five years later, in 1989, in

1369-493: Was prepared to testify he was involved in one of Karaduman 's drug deals. "I was stunned," recalled Abrams. Abrams used Kroll again in 1998 to investigate claims by CNN's Newsstand documentary that sarin nerve gas had been used in Vietnam in 1970 as part of Operation Tailwind . Kroll assisted in the trial of Norwegian shipping tycoon John Fredriksen at the end of the 1980s. Fernando Henrique Cardoso , Daniel Dantas ,

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