UPDATE - OHA Leads Private Debt Financing Supporting Majesco’s Acquisition of Vitech

Rhea-AI Summary

Oak Hill Advisors (TROW) led a private unitranche financing as Administrative Agent and Lead Left Arranger to support Majesco’s acquisition of Vitech and a concurrent refinancing. Oak Hill is the largest holder of the new debt facility, strengthening its long-standing partnership with Thoma Bravo, Majesco’s sponsor. The firm said its software-focused credit experience and familiarity with Majesco enabled constructive input on the financing structure and fast execution. Oak Hill manages approximately $108 billion across credit strategies as of September 30, 2025, and highlighted the combined Majesco–Vitech business as positioned to pursue operational efficiency and product innovation for insurers.

Positive

• Led financing as Administrative Agent and Lead Left Arranger
• Largest holder of the new debt facility supporting the deal
• Deepened partnership with Thoma Bravo across software deals
• $108 billion of capital managed as of September 30, 2025

Negative

• None.

Key Figures

Capital managed $108 billion OHA capital as of September 30, 2025

Investment experience 30+ years OHA investment track record

Professional staff 400+ professionals OHA global team size

Global offices 6 offices OHA global footprint

Market Reality Check

$107.31 Last Close

Volume Volume 1,528,605 is below the 20-day average of 1,891,177 shares ahead of this news. normal

Technical Price 108.57 is trading above the 200-day MA at 100.14, showing a pre-news uptrend.

Peers on Argus

TROW gained 2.42% pre-news, while key asset-management peers like CG, TPG, OWL, NTRS, and PFG also showed positive moves between 0.94% and 2.99%, indicating a supportive sector backdrop.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 15	Product collaboration	Positive	-1.2%	Launch of first co-branded model portfolios with Goldman Sachs.
Dec 11	Fundraise announcement	Positive	+1.4%	Final close of OLEND senior private lending strategy capital.
Dec 11	ETF product launch	Positive	+1.4%	Launch of two active core equity ETFs with fee waivers.
Dec 10	AUM update	Neutral	-1.7%	Reported $1.79T AUM and $8.0B net outflows for November.
Dec 08	Research release	Neutral	-1.9%	Global retirement survey highlighting saver expectations and concerns.

Pattern Detected

Recent product and strategy announcements often saw share moves that aligned modestly with the generally positive tone, with one notable divergence on a strategic alliance.

Recent Company History

Over the last month, T. Rowe Price reported several strategic and product milestones. On Dec 8–11, 2025, it released a global retirement survey, monthly AUM metrics at $1.79 trillion, and launched new active core ETFs, with mixed price reactions. A joint model-portfolio rollout with Goldman Sachs on Dec 15, 2025 saw a modest negative move. Today’s OHA financing support for Majesco’s acquisition of Vitech fits the pattern of expanding credit and solutions capabilities within the broader TROW platform.

Market Pulse Summary

This announcement highlights OHA’s role in arranging private unitranche financing for Majesco’s acquisition of Vitech, reinforcing its credit platform within T. Rowe Price. Historically, OHA-related acquisition financings around TROW have led to modest share moves, averaging about 0.73%. Investors may focus on how repeated sponsor-backed software and insurance deals deepen OHA’s opportunity set, while also monitoring product launches, AUM trends, and insider activity reported in recent filings.

Key Terms

unitranche financing financial

"served as Administrative Agent and Lead Left Arranger for a private unitranche financing supporting Majesco’s acquisition"

Unitranche financing is a single loan that blends what would normally be two layers of debt—higher-priority and lower-priority—into one package with a single interest rate and repayment schedule. For investors, it matters because it simplifies lending and speeds deals but mixes different risk levels into one instrument, affecting expected return, protection in case of default, and how easy the debt is to trade or convert later.

cloud-native technical

"Majesco, a portfolio company of Thoma Bravo, is a leading provider of cloud-native, AI-native software for insurers"

Cloud-native describes a way of creating and running applications that are designed specifically to operate smoothly on cloud computing platforms. Think of it as building a house with flexible, lightweight materials that can be easily moved, scaled, or adjusted as needed, rather than using rigid, traditional construction. For investors, it signifies technology that is more adaptable, efficient, and capable of quickly responding to changing market demands.

ai-native technical

"Majesco, a portfolio company of Thoma Bravo, is a leading provider of cloud-native, AI-native software for insurers"

A company or product described as ai-native is built from the ground up around artificial intelligence rather than having AI added on later; its core processes, user experience and decision-making rely on machine learning models and data pipelines. Like a house designed for wheelchair access versus one retrofitted, ai-native firms can move faster, scale more cheaply and offer unique products or cost advantages—information investors use to judge future growth potential and risk exposure to model, data or regulatory failures.

alternative asset manager financial

"Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience."

An alternative asset manager is a professional or firm that invests on behalf of clients in assets outside of traditional options like stocks and bonds, such as real estate, private companies, or commodities. These managers seek to diversify investment portfolios and potentially improve returns by exploring less common investment opportunities that are often less liquid and more specialized. Their work matters to investors because it can help spread risk and access unique sources of growth not available through standard investments.

collateralized loan obligations financial

"including private credit, high yield bonds, leveraged loans, stressed and distressed debt and collateralized loan obligations as of September 30, 2025."

A collateralized loan obligation is a financial product that pools many corporate loans and repackages them into slices sold to investors, with some slices offering steady, lower returns and others offering higher returns but more risk. Like splitting a pizza into pieces for different tastes, CLOs let investors pick their preferred risk level and help banks fund lending, so changes in CLO performance influence credit availability and can move markets.

AI-generated analysis. Not financial advice.

New York, New York, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a private unitranche financing supporting Majesco’s acquisition of Vitech Systems Group (“Vitech”) and a concurrent refinancing. Majesco, a portfolio company of Thoma Bravo, is a leading provider of cloud-native, AI-native software for insurers in the property and casualty (P&C) and life, annuity and health (L&AH) sectors. Vitech is a complementary provider of cloud-native pension and benefits administration software.

OHA is the largest holder of the new debt facility, deepening its long-standing relationship with Thoma Bravo, the world's largest software-focused investment firm. Having followed Majesco closely over time, OHA was well positioned to engage proactively with the company and Thoma Bravo, provide constructive input on the proposed financing structure, and execute the transaction with speed and efficiency.

“Our deep experience as both a software-focused credit provider and an active investor across the insurance ecosystem enables us to partner confidently with market leaders like Majesco,” said Alan Schrager, Senior Partner and Portfolio Manager at OHA. “Supported by Thoma Bravo’s deep expertise in scaling software companies, OHA believes the combined business is well positioned to achieve operational efficiency, innovate its product suite, and accelerate its trajectory as a best‑in‑class platform for insurers.”

“Vitech and Majesco together create a powerful, industry-leading platform for insurers,” said Matt Gilbert, Managing Director, Capital Markets at Thoma Bravo. “OHA has been a trusted financing partner across multiple transactions, and their deep expertise in both software and insurance made them an ideal collaborator on this transaction. We are pleased to continue our strong partnership with them.”

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About OHA: Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm manages approximately $108 billion of capital across credit strategies, including private credit, high yield bonds, leveraged loans, stressed and distressed debt and collateralized loan obligations as of September 30, 2025. OHA’s emphasis on long-term partnerships with companies, sponsors and other partners provides access to a proprietary opportunity set, allowing for customized credit solutions across market cycles.

With over 400 experienced professionals across six global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For more information, please visit oakhilladvisors.com.

Natalie Harvard, Head of Investor Relations & Partner
Oak Hill Advisors, L.P.
212-326-1505
nharvard@oakhilladvisors.com

Kristin Celestino, Vice President, Public Relations
Oak Hill Advisors, L.P.
817-215-2934
kcelestino@oakhilladvisors.com

FAQ

What role did Oak Hill Advisors (TROW) play in Majesco’s acquisition of Vitech on Jan 9, 2026?

Oak Hill served as Administrative Agent and Lead Left Arranger and is the largest holder of the new unitranche debt facility supporting the acquisition and refinancing.

How does the Majesco–Vitech deal affect Oak Hill Advisors’ relationship with Thoma Bravo (TROW)?

The financing deepens Oak Hill’s long-standing partnership with Thoma Bravo, reinforcing its role as a trusted financing partner on software-focused transactions.

What scale of assets does Oak Hill Advisors (TROW) manage relevant to this financing?

Oak Hill manages approximately $108 billion of capital across credit strategies as of September 30, 2025.

What type of financing did Oak Hill (TROW) arrange for Majesco’s acquisition of Vitech?

Oak Hill arranged a private unitranche financing to support the acquisition and a concurrent refinancing.

Why did Oak Hill say it was well positioned to execute the Majesco financing?

Oak Hill cited its software-focused credit experience and long-term coverage of Majesco as reasons it could provide constructive input and execute quickly.

Will the Majesco–Vitech combination affect Majesco’s product offering for insurers?

Oak Hill and Thoma Bravo stated the combined business is expected to pursue operational efficiency, innovate its product suite, and accelerate as a platform for insurers.