Private equity firm Thoma Bravo is close to an agreement that would transfer control of software company Medallia to its lenders, effectively ending a restructuring process that has been ongoing for several months, according to a report by Reuters.
The report cites unnamed people familiar with the situation as highlighting that the transaction would result in a full loss of equity for Thoma Bravo and its co-investors, who acquired the customer experience software company in 2021 for around $6.4b...
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