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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