About

Control Risks to spin off discovery, data and forensics units into Beringer Capital-backed firm

Published
Score
13

Why it matters

Control Risks, the London-based security and risk consultancy, agreed on October 15, 2026 to split its discovery, data insights and forensics operations into a new standalone company. Private equity firm Beringer Capital will own the new business and fund its expansion in capabilities, technology and talent. Beringer Managing Partner Gil Ozir and Control Risks CEO Bill Udell fronted the announcement. The new company will initially operate under the name Control Risks—Compliance, Investigations & eDiscovery. Control Risks will keep a "meaningful" equity stake and a strategic partnership with the unit, though it has not disclosed the size of that stake.

The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. The companies have not published the deal's financial terms or the stake percentage. Until the sale completes in each jurisdiction, the businesses remain part of Control Risks and continue operating as usual. No regulators or statutes are named in the coverage so far.

For attorneys, the deal is a private equity carve-out of litigation-support and investigations work from a major risk consultancy, with the parent retaining a stake. Legal-tech outlets are treating it as an eDiscovery story, so vendors and clients who rely on Control Risks for forensics or document review should expect the relationship to change. Watch for the closing announcement, the jurisdiction-by-jurisdiction completion schedule, and any disclosure of the retained stake, which will show how much Control Risks still has riding on the unit's performance.

Sources

mail Subscribe to M & A email updates

Primary sources. No fluff. Straight to your inbox.

Related

View all M & A

Also on LawSnap