economy
Thoma Bravo hands Medallia to lenders in one of private equity’s biggest losses
Blackstone-led consortium to take over software company and inject $150mn to help cut its debt load
TL;DR
- A consortium spearheaded by Blackstone will acquire a software company.
- The consortium plans to inject $150 million to reduce the company's debt.
- Thoma Bravo is handing the company over to lenders.
- This event is considered one of the largest private equity losses.