Oak Hill Advisors (OHA) served as administrative agent and lead left arranger for a private unitranche financing supporting Majesco’s acquisition of Vitech Systems Group and a concurrent refinancing.
OHA is the largest holder of the new debt facility, deepening its long-standing relationship with Thoma Bravo, a software investment firm.
“Our deep experience as both a software-focused credit provider and an active investor across the insurance ecosystem enables us to partner confidently with market leaders like Majesco,” Alan Schrager, senior partner and portfolio manager at OHA, said. “Supported by Thoma Bravo’s deep expertise in scaling software companies, OHA believes the combined business is well‑positioned to achieve operational efficiency, innovate its product suite and accelerate its trajectory as a best‑in‑class platform for insurers.”
Matt Gilbert, managing director, capital markets at Thoma Bravo, said, “Vitech and Majesco together create a powerful, industry‑leading platform for insurers. OHA has been a trusted financing partner across multiple transactions, and their deep expertise in both software and insurance made them an ideal collaborator on this transaction. We are pleased to continue our strong partnership and support this strategic combination.”
