A consortium led by Blackstone Inc has agreed to take control of customer experience software provider Medallia, marking one of the largest realised losses in private equity history for owner Thoma Bravo, according to a report by the Financial Times.
Under the terms of the transaction, Thoma Bravo will lose its entire equity investment in Medallia following its 2021 take-private, while the incoming lender group will inject approximately $150m of new capital to reduce leverage and stabilise the c...
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