Thoma Bravo Transfers Medallia to Lenders Amid Significant Losses
A consortium led by Blackstone is set to take control of the struggling software company Medallia, marking a notable setback for private equity.
Editorial Staff
1 min read
Updated about 3 hours ago
Thoma Bravo has decided to hand over Medallia to its lenders, reflecting one of the largest losses in private equity history.
The transition comes as a consortium led by Blackstone prepares to take over the troubled software firm.
This development highlights the challenges faced by private equity firms in managing underperforming assets.