Big private loan powers acquisition in insurance software sector

▤ Summary

Oak Hill Advisors arranged and led a private unitranche financing as Administrative Agent and Lead Left Arranger to support Majesco's acquisition of Vitech and a concurrent refinancing. Oak Hill is the largest holder of the new facility, which deepens its financing partnership with Thoma Bravo, Majesco's sponsor. The firms say the combined Majesco–Vitech business will pursue operational efficiencies and product innovation for insurers across P&C and life/health lines. Oak Hill cites its software-focused credit experience and prior coverage of Majesco as reasons it could provide constructive input and execute the transaction quickly.

▦ Linked Companies

Majesco

$100M to $250M