Latham & Watkins Advises Golub Capital Markets LLC, Funds Managed by Ares Management Corporation, and Other Joint Lead Arrangers and Joint Bookrunners in Financing of Thoma Bravo’s Acquisition of Majesco

Banking and tax team advised the direct lenders in the financing.

October 12, 2020

Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, has completed its public to private acquisition of Majesco, a global leader of cloud insurance software solutions for insurance business transformation. Latham represented Golub Capital Markets, Funds Managed by Ares Management Corporation, and the other joint lead arrangers and joint bookrunners in providing a senior secured term loan and revolving credit facility totaling US$300 million to support Thoma Bravo’s take private acquisition of Majesco.

Latham New York partner Alfred Xue led the finance deal team, with associates Preeta Paragash and Julia Wennberg. Los Angeles partner Eric Cho and associate Kathryn Harrington advised on tax matters. Latham New York partners Chris Plaut and David Teh represented Ares and the other lead arrangers.

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