Medallia Is Just the Opening Act: 12+ PE SaaS Deals With $50B+ in Debt at Risk of Blowing Up (opens in new tab)

Thoma Bravo handed the keys to Medallia over to its lenders yesterday. Blackstone, KKR, Apollo, and Antares are taking control of a company Thoma Bravo bought for $6.4 billion in 2021, wiping out roughly $5.1 billion in equity held by the firm and its co-investors. And it’s not a one-off. Medallia is the second giant... Continue Reading