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New Deal


Announced

Completed

Thoma Bravo-backed Majesco completed the acquisition of Utilant from Aquiline.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

insurtech

Majority

Friendly

United States

Software

Single Bidder

Acquisition

Private Equity

Domestic

Completed

Synopsis

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Thoma Bravo-backed Majesco, a provider of cloud insurance platform software, completed the acquisition of Utilant, a US-based InsurTech company, from private equity firm Aquiline. Financial terms were not disclosed. "We’re thrilled to welcome Utilant’s customers to our community and look forward to working with them to accelerate their digital transformation," Adam Elster, Majesco CEO.

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