Thoma Bravo Acquires Majesco

July 20, 2020

Thoma Bravo, a leading private equity firm focused on software and technology-enabled services, completed the acquisition of Majesco, a cloud insurance software provider, in a cash transaction under which Majesco's common stock ceased trading and the company became privately held. The deal was announced with an agreed cash price of $16.00 per share; Majesco employs roughly 2,400+ people and will partner with Thoma Bravo to accelerate its cloud and product investment strategy.

Buyers
Thoma Bravo, L.P.
Targets
Majesco
Sellers
Majesco shareholders, Majesco Limited
Industry
Software
Location
New Jersey, United States
Transaction Type
Buyout

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