Majesco
Majesco is a provider of cloud-based core software for the insurance industry. Its platforms cover policy administration, billing, claims, rating, and digital-engagement systems for property and casualty, life, annuity, and group insurers and reinsurers, along with data and analytics tools. Serving hundreds of insurance carriers, it is headquartered in Morristown, New Jersey.
Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.
Lenders
Majesco is held by 2 BDC lenders in our parsed SEC filings: GBDC, MSDL.
Cross-lender loan pricing
Each row is one debt tranche at the BDC’s most recent filing that holds this borrower, widest spread first. Mark is the position’s fair value as a percent of par (100 = par). Spread is shown in basis points over the benchmark in the Rate column, normalized from each filing’s as-reported units — rows quoting different benchmarks are still not directly comparable. Compare like-for-like: a second-lien tranche, a different vintage, or an older filing should price wider even when the credit view is identical — check the Type and Filing columns before reading a gap as disagreement. Source: SEC EDGAR (public).
| BDC | Type | Rate | Cash spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| GBDC | 1L Sr Secured | SOFR | 450 | 98.5 | $455K | 2033-01 | 2026-08-03 |
| MSDL | 1L Sr Secured | SOFR | 4 | 99.2 | $7M | 2033-01-07 | 2026-08-06 |
| MSDL | 1L Sr Secured | SOFR | 4 | — | -$5K | 2033-01-07 | 2026-08-06 |
| GBDC | 1L Sr Secured | FIXED | — | — | -$1K | 2033-01 | 2026-08-03 |
Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.
Ownership & deal activity
Ownership and acquisition events compiled from public sources and audited against the linked source. Each event links to its source; “(reported)” marks a lower-confidence item. Verify anything material against the original source.
- minority investmentCVC Funds complete minority investment in Majesco concurrent with Vitech acquisitionAs part of the Vitech acquisition transaction, CVC Funds (previously the owner of Vitech) completed a minority investment in Majesco to support ongoing expansion and AI-native product portfolio development; deal size was not disclosed.
- refinancingOak Hill Advisors leads private unitranche debt financing for Majesco's acquisition of Vitech and concurrent refinancingOak Hill Advisors (OHA) served as Administrative Agent and Lead Left Arranger for a private unitranche financing supporting Majesco's acquisition of Vitech and a concurrent refinancing of existing Majesco debt; OHA was the largest holder of the new debt facility.
- acquisitionMajesco acquires Decision Research Corporation (DRC) insurance software businessMajesco acquired the Decision Research Corporation business, a Philadelphia-based SaaS insurance software company offering enterprise rating, reinsurance, and MGA/MGU core platforms, adding more than 20 P/C insurance customers; deal size was not disclosed.
- lboThoma Bravo completes acquisition of Majesco at revised $729M valuation; Majesco delisted from NasdaqThoma Bravo completed its take-private acquisition of Majesco at an amended price of $16.00 per share (up from $13.10), valuing the company at $729 million; Majesco's stock ceased trading on Nasdaq and the company began operating as a privately-held entity.
- take privateThoma Bravo signs definitive agreement to acquire Majesco (NASDAQ: MJCO) for $594MThoma Bravo signed a definitive agreement to acquire all shares of Majesco common stock at $13.10 per share in cash, valuing the company at $594 million and taking it private from Nasdaq.
Headlines mentioning Majesco
Reading this table
When two business development companies lend to the same borrower, comparing how each marks the loan is a starting question, not a verdict. In plain English: a wider spread (e.g. S+575 vs S+525) or a lower mark (e.g. 96 vs 100 cents on the dollar) can mean that lender is pricing in more risk — but marks can also differ for reasons other than a credit view: a different tranche (second lien should price wider than first lien on the same company), a different vintage or entry point, an older filing date, or each manager’s own fair-value methodology. Compare like-for-like — check the Type and Filing columns before reading a gap as disagreement. Each row is one debt position at one BDC’s most recent filing. Source: SEC EDGAR Schedule of Investments (public).
Want to read these numbers like an analyst? Free Oxford Ledge lessons: reading a BDC’s Schedule of Investments, key credit metrics, and the Five Cs of credit analysis.