M&A Deal Summary

The Carlyle Group Acquires ProKarma

On October 17, 2016, private equity firm The Carlyle Group acquired information technology company ProKarma from Endeavour Capital

Acquisition Highlights
  • This is The Carlyle Group’s 23rd transaction in the Information Technology sector.
  • This is The Carlyle Group’s 282nd transaction in the United States.
  • This is The Carlyle Group’s 11th transaction in Georgia.

M&A Deal Summary
Date 2016-10-17
Target ProKarma
Sector Information Technology
Buyer(s) The Carlyle Group
Sellers(s) Endeavour Capital
Deal Type Secondary Buyout
Advisor(s) Credit Suisse Investment Banking (Financial)
Perkins Coie (Legal)

Target

ProKarma

Atlanta, Georgia, United States
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 offices across the United States, India, Argentina and Peru.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 572 of 697
Sector (Information Technology) 23 of 34
Type (Secondary Buyout) 78 of 125
State (Georgia) 11 of 11
Country (United States) 282 of 337
Year (2016) 21 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 Atotech

Utrecht, Netherlands

Atotech is a specialty chemicals technology company provides advanced electroplating solutions. Atotech delivers chemistry, equipment, software, and services for innovative technology applications through an integrated systems-and-solutions approach. Atotech was founded in 1993 and is based in Utrecht, Netherlands.

Buy $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-18 NEOGOV

El Segundo, California, United States

NEOGOV is a talent management software platform focused on government, education and public sector clients. NEOGOV provides market major software-as-a-service (SaaS) talent management solutions to automate and streamline the recruitment, onboarding and performance evaluation processes for government and other public sector institutions. NEOGOV's software is designed specifically for the unique human capital management requirements of these complex and regulated end-markets and serves more than 1,500 organizations including over 40% of the largest U.S. cities and more than 20 state customers. NEOGOV was founded in 2000 and is based in El Segundo, California.

Buy -

Seller(S) 1

SELLER

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$150 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.

DEAL STATS #
Overall 17 of 32
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 6 of 11
State (Georgia) 1 of 1
Country (United States) 17 of 31
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 PMI Worldwide

Seattle, Washington, United States

PMI Worldwide is a designer, manufacturer, and marketer of innovative food and beverage container solutions. PMI Worldwide was founded in 1983 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 Oregon Freeze Dry

Albany, Oregon, United States

Oregon Freeze Dry is a freeze-dried foods company. The Company's freeze-dried ingredients are key components in the products of some of America’s largest food companies. OFD private label lines include such products as lunch and dinner entrees for the Nutri/System weight-loss program. Oregon Freeze Dry was founded in 1963 and is based in Albany, Oregon.

Buy -
Mergr

Product

Company

Legal