Latest News About Blackstone-led recapitalizes Medallia at historic loss

A Major buyout consortium’s investor group has recapitalized Medallia, marking one of private equity’s biggest losses. The deal sees Thoma Bravo hand Medallia to lenders after its investment saw sharp declines.

Medallia’s recapitalization caps a unexpected wipeout for private equity, with stakeholders absorbing the full loss. Sources say the string of such deals a ‘goose egg’ for the industry.

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