M&A Deal Summary

Thoma Bravo Acquires Majesco

On July 20, 2020, private equity firm Thoma Bravo acquired software company Majesco for 594M USD

Acquisition Highlights
  • This is Thoma Bravo’s 39th transaction in the Software sector.
  • This is Thoma Bravo’s 36th largest (disclosed) transaction.
  • This is Thoma Bravo’s 83rd transaction in the United States.
  • This is Thoma Bravo’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2020-07-20
Target Majesco
Sector Software
Buyer(s) Thoma Bravo
Deal Type Going Private
Deal Value 594M USD
Advisor(s) Nomura Investment Bank (Financial)
Khaitan & Co.
Sheppard Mullin (Legal)

Target

Majesco

Morristown, New Jersey, United States
Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate, and connect to build the future of their business and the future of insurance at speed and scale. The company's platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling, and personal. Majesco was founded in 1992 and is based in Morristown, New Jersey.

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Buyer(S) 1

Buyer

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 91 of 139
Sector (Software) 39 of 59
Type (Going Private) 21 of 39
State (New Jersey) 3 of 3
Country (United States) 83 of 120
Year (2020) 4 of 11
Size (of disclosed) 36 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 Syntellis

Chicago, Illinois, United States

Syntellis provides innovative enterprise performance management software, data, and analytics solutions for healthcare, higher education, and financial institutions. Syntellis’ solutions include Axiom and Connected Analytics software, which help finance professionals elevate performance by acquiring insights, accelerating decisions, and advancing their business plans. Syntellis was formed in 2020 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 Foundation Software

Strongsville, Ohio, United States

Foundation Software is a provider of construction accounting software and payroll services for small- to mid-sized specialty contractors. The Company also offers payroll processing and construction reporting services to the construction industry. Foundation Software was founded in 1985 and is based in Strongsville, Ohio.

Buy -
Mergr

Product

Company

Legal