T. Rowe Price’s Oak Hill Advisors Leads Unitranche Financing for Majesco’s Vitech Acquisition
Oak Hill Advisors, T. Rowe Price’s private markets platform, led a private unitranche financing supporting Majesco’s acquisition of Vitech Systems Group and holds the largest share of the new debt facility. This transaction strengthens OHA’s position within its approximately $108 billion credit portfolio, expanding T. Rowe Price’s private debt exposure.
1. T. Rowe Price Reports Decline in Latest Trading Session
T. Rowe Price concluded the most recent trading session at 107.31, representing a 1.16% decrease from its prior close. This drop occurred despite broader market advances, signaling selective profit-taking among asset managers. The stock reached an intraday high of 108.50 and a low of 106.80 before settling lower. Trading volume exceeded the 30-day average by 15%, underscoring heightened investor interest in the shares. The pullback follows a period of consolidation after the firm reported third-quarter revenue growth driven by steady inflows into its active fixed-income strategies earlier this month.