Pivotal Acquisition Corp. (Pivotal) and KLDiscovery announced that they have entered into a definitive agreement in which KLD and Pivotal will merge. As a result of the transaction, valued at approximately $800 million in enterprise value, KLD will become a publicly listed company. Dan Akerson, former CEO of General Motors, will serve as Chairman of Pivotal's Board of Directors. Pivotal Chairman and CEO Jonathan Ledecky will remain on the Board and serve as Vice Chairman. Kevin Griffin, President and CEO of private investment firm MGG Investment Group and a director of Pivotal, will also remain on the Board post-transaction.