Davis Polk advised the founders of ProKarma, Inc. in connection with an investment by The Carlyle Group.
he terms of the transaction were not disclosed.
ProKarma is an enterprise IT solutions company that specializes in full-scale implementation and delivery capabilities. ProKarma drives innovations around today’s burgeoning technologies, including Digital, Analytics, Cloud, Big Data, and DevOps while harnessing the latest solutions across multiple platforms, including SAP, Microsoft and Oracle. It operates in 21 offices across the United States, India, Argentina and Peru.
The Carlyle Group is a global alternative asset manager with $169 billion of assets under management across 125 funds and 177 fund of funds vehicles as of September 30, 2016.
The Davis Polk corporate team included partner Kirtee Kapoor (Picture) and associates Abhishek Kolay and Donald K. Lang. Partner Rachel D. Kleinberg provided tax advice. Counsel Cynthia Akard and Ron M. Aizen and associate Charles Shi provided executive compensation advice.
Involved fees earner: Kirtee Kapoor – Davis Polk & Wardwell; Abhishek Kolay – Davis Polk & Wardwell; Donald Lang – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Cynthia Akard – Davis Polk & Wardwell; Ron M. Aizen – Davis Polk & Wardwell; Charles Shi – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: ProKarma, Inc.;