Latest News About Blackstone-led recapitalizes Medallia after crippling setback

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 struggled to bounce back.

Medallia’s recapitalization caps a rare wipeout for private equity, with stakeholders seeing everything evaporate. Sources say the string of such deals a ‘total disaster’ for the industry.

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