Group 1 - 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, a portfolio company of Thoma Bravo, specializes in cloud-native, AI-native software for the insurance sectors, while Vitech provides complementary cloud-native pension and benefits administration software [1] - OHA is the largest holder of the new debt facility, enhancing its relationship with Thoma Bravo, the largest software-focused investment firm [2] Group 2 - 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 combined business of Vitech and Majesco is expected to achieve operational efficiency and innovate its product suite, enhancing its status as a leading platform for insurers [3] - OHA manages approximately $108 billion of capital across various credit strategies, emphasizing long-term partnerships to provide customized credit solutions [4] Group 3 - OHA employs over 400 professionals across six global offices, offering a collaborative approach to meet diverse credit needs [5] - OHA serves as the private markets platform of T. Rowe Price Group, Inc., indicating a strong backing and resource availability for its operations [5]
UPDATE - OHA Leads Private Debt Financing Supporting Majesco's Acquisition of Vitech