The PE firm, Thoma Bravo acquired Medallia on 2021 for $6.4 B. Now they are handing over the keys to creditors. It is the beginning. When it accelerates, we will get an opportunity to buy some SW companies with solid growth, cashflow at cheaper valuation or mispriced. Hope we can identify and have courage to buy them.
Private equity firm Thoma Bravo entered negotiations on Wednesday, April 22, 2026, to hand control of customer-experience software provider Medallia to its creditors. The restructuring move follows significant financial struggles under a heavy debt load and could eliminate approximately $5.1 billion in investor equity.