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Altegrity seals $1.13bn deal for Kroll

Marsh & Mclennan lose $800m in sale of corporate detective business

08 June 2010

Security company Altegrity has successfully negotiated the $1.13 billion (£779 billion) acquisition of Kroll from US insurance group Marsh & Mclennan (M&M).

Kroll, the corporate detective agency, was sold by M&M for a loss of around $800 million after purchasing the firm for $1.9 billion six years ago.

The deal will create one of the largest global corporate security firms, employing around 11,000 employees.

Mike Cherkasky, chief executive officer of Altegrity, will be re-united with the firm he ran from 2001 to 2004.

He said: "Our clients look to Altegrity for information and insight to make smarter decisions.

"The combination of Kroll and Altegrity broadens our capabilities with the addition of a portfolio of industry-leading services to help clients identify and manage risk."

Kroll employs around 3,000 employees across its offices in 27 different countries, while the firm's European headquarters are based in London.

The firm famously uncovered the hidden assets of a number of dictators, including Saddam Hussein.

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