Blackstone-Led Consortium Takes Control of Medallia in Major PE Write-Down for Thoma Bravo
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
Five years ago, Thoma Bravo acquired the software company Medallia, hoping the chatbot developer would grow rapidly. Instead, Medallia never lived up to expectations and became a bottomless money pit for the private equity firm.
In the face of a debt that has become unsustainable, Thoma Bravo throws a sponge on Medallia, delivering the California software publisher to its creditors. He takes a setback of 5 billion that resonates as a new warning about the unreasonable valuations of technology in the private markets.
Blackstone-led consortium takes control of Medallia in major PE write-down for Thoma Bravo
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…
Thoma Bravo leaves Medallia and loses an investment of $5 billion By Editor of Sin Comillas A group led by Blacks-tone agreed to take control of the heavily indebted software company Medallia that the private capital firm Thoma Bravo had purchased for $6.4 billion in 2021. Puerto Rican Orlando Bravo, co-founder of Thoma Bravo, said the purchase “was a big mistake” and admitted that they overpaid by the company, which is dedicated to selling chat…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
