Core Insights - Oak Hill Advisors (OHA) acted as the Administrative Agent and Lead Left Arranger for a private unitranche financing to support Majesco's acquisition of Vitech Systems Group and a concurrent refinancing [1] - Majesco, backed by Thoma Bravo, specializes in cloud-native, AI-native software for the insurance sector, while Vitech provides complementary pension and benefits administration software [1] Group 1: Financing and Acquisition - OHA is the largest holder of the new debt facility, enhancing its relationship with Thoma Bravo, the largest software-focused investment firm [2] - OHA's proactive engagement with Majesco and Thoma Bravo allowed for a swift and efficient execution of the financing structure [2] Group 2: Strategic Positioning - OHA's experience as a software-focused credit provider and investor in the insurance ecosystem positions it well to partner with leaders like Majesco [3] - The combination of Vitech and Majesco is expected to create a leading platform for insurers, enhancing operational efficiency and product innovation [3] Group 3: Company Overview - OHA has over 30 years of investment experience and manages approximately $108 billion in capital across various credit strategies as of September 30, 2025 [4] - The firm emphasizes long-term partnerships, providing customized credit solutions across market cycles [4]
UPDATE - OHA Leads Private Debt Financing Supporting Majesco’s Acquisition of Vitech