3 Firms Steer Thoma Bravo's $594M Majesco Take-Private

Law360 (July 20, 2020, 8:54 PM EDT) -- Private equity firm Thoma Bravo has agreed to take cloud insurance software company Majesco private at a $594 million valuation in a deal steered by Sheppard Mullin, Khaitan & Co. and Kirkland & Ellis, Majesco said Monday.

Thoma Bravo will pay $13.10 in cash for each share of Majesco's common stock, a 74% bump on its average closing price over the past 30 days of trading, the announcement said. New Jersey-based Majesco markets insurance technology under brands such as CloudInsurer and Digital1st, according to its website. The company currently trades on the Nasdaq under the symbol MJCO.

"We are extremely excited...

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