Davis Polk advised The Orogen Group on its $108 million strategic equity investment in newly issued convertible preferred stock of Virtusa Corporation. In connection with the investment, Vikram Pandit, chairman and chief executive officer of Orogen, has been appointed to Virtusa’s board of directors.

The Orogen Group is a new operating company that was created by Vikram Pandit and Atairos Group, an independent private company focused on supporting growth-oriented businesses. Virtusa is a global provider of information technology consulting and outsourcing services that accelerate business outcomes for companies and leading software vendors.

The corporate team included partner Louis Goldberg and associates Faizan A. Tukdi, Brian Russell and Jenny Ge. Partner Mark M. Mendez and associates Katharine O’Banion and Barry J. Gewolb provided capital markets and derivatives advice. Partner Avishai Shachar provided tax advice. Counsel Ann Becchina provided executive compensation advice. Counsel Mary K. Marks provided antitrust and competition advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post