Sources: Thoma Bravo prepares to hand over customer experience management company Medallia to creditors, leading to a ~$5.1B wipeout for Medallia's investors
Private equity firm Thoma Bravo is nearing an agreement to hand over software firm Medallia to its lenders, wrapping up months …
$5bn+ in equity wiped out, one of the largest losses in private credit and private equity history. Blackstone yet to mark the loan down further than 63 cents on the dollar for its $1.5bn in debt that will no longer get paid. Medallia was killed by onerous loans made based on st…