Thoma Bravo hands Medallia to lenders in one of private equity’s biggest losses A consortium led by Blackstone is set to acquire a software company, providing a $150 million injection to alleviate its debt. This transaction comes as Thoma Bravo relinquishes control of the company. The deal is positioned as one of private equity’s most substantial losses.

• 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. Continue reading https://www.ft.com/content/ae4b6c77-9b3d-46fb-a7fc-59f072e7291b