{"id":55891,"date":"2026-04-22T14:23:49","date_gmt":"2026-04-22T18:23:49","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/private-equity-giant-loses-5-1b-as-software-company-heads-to-lenders\/"},"modified":"2026-04-22T14:23:49","modified_gmt":"2026-04-22T18:23:49","slug":"private-equity-giant-loses-5-1b-as-software-company-heads-to-lenders","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/private-equity-giant-loses-5-1b-as-software-company-heads-to-lenders\/","title":{"rendered":"Private Equity Giant Loses $5.1B as Software Company Heads to Lenders"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

A major private equity firm is preparing to surrender a troubled software company to its lenders following extended financial restructuring discussions, according to an insider with knowledge of the negotiations.<\/p>

Thoma Bravo is close to finalizing a deal that would transfer control of Medallia Inc. to the company’s creditors, sources report. This transaction would eliminate $5.1 billion in equity investments made by Thoma Bravo and its partner investors, who acquired the customer service software business for $6.4 billion three years ago.<\/p>

The software company has faced significant financial challenges in recent months, burdened by approximately $3 billion in outstanding debt owed to major financial institutions including Blackstone, KKR, and Apollo.<\/p>

When contacted for comment, representatives from Thoma Bravo and KKR declined to provide statements. Apollo and Medallia did not respond to immediate requests for comment regarding the pending agreement.<\/p>","protected":false},"excerpt":{"rendered":"

Private equity firm Thoma Bravo is close to surrendering control of software company Medallia Inc. to its creditors after months of financial restructuring talks. The deal would eliminate $5.1 billion in equity value for Thoma Bravo and its investment partners, who purchased the customer service software firm for $6.4 billion in 2021.<\/p>\n","protected":false},"author":4,"featured_media":55890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-55891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776882228151.png?fit=1920%2C1080&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-ext","jetpack-related-posts":[{"id":30624,"url":"https:\/\/tvdelmarva.com\/wp\/private-equity-giant-eyes-12b-shipping-tech-deal-with-wwex-purchase\/","url_meta":{"origin":55891,"position":0},"title":"Private Equity Giant Eyes $12B Shipping Tech Deal with WWEX Purchase","author":"Admin","date":"March 2, 2026","format":false,"excerpt":"Investment firm Thoma Bravo is close to acquiring logistics company WWEX Group for approximately $5 billion. The deal would merge WWEX with another Thoma Bravo company to form a massive $12 billion shipping technology enterprise.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772506266585.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772506266585.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772506266585.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772506266585.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772506266585.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":50250,"url":"https:\/\/tvdelmarva.com\/wp\/new-jersey-software-company-commvault-considers-sale-after-buyout-interest\/","url_meta":{"origin":55891,"position":1},"title":"New Jersey Software Company Commvault Considers Sale After Buyout Interest","author":"Admin","date":"April 10, 2026","format":false,"excerpt":"Tinton Falls-based data protection company Commvault Systems is weighing a potential sale following acquisition interest from several buyers. The $3.5 billion software firm, which serves major clients like Sony and Hilton, has enlisted Goldman Sachs to evaluate its options.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775841819256.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775841819256.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775841819256.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775841819256.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775841819256.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":74856,"url":"https:\/\/tvdelmarva.com\/wp\/permira-hires-tech-veteran-to-boost-ai-investment-strategy\/","url_meta":{"origin":55891,"position":2},"title":"Permira Hires Tech Veteran to Boost AI Investment Strategy","author":"Admin","date":"June 1, 2026","format":false,"excerpt":"Global investment firm Permira has recruited Mike Hoffmann from Thoma Bravo as a partner to strengthen its technology team. The move comes as the company prepares for an anticipated surge in artificial intelligence-related mergers and acquisitions.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1780316527124.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1780316527124.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1780316527124.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1780316527124.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1780316527124.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":41051,"url":"https:\/\/tvdelmarva.com\/wp\/chatgpt-creator-offers-higher-returns-to-win-business-battle-against-ai-rival\/","url_meta":{"origin":55891,"position":3},"title":"ChatGPT Creator Offers Higher Returns to Win Business Battle Against AI Rival","author":"Admin","date":"March 23, 2026","format":false,"excerpt":"OpenAI, the company behind ChatGPT, is promising private equity firms a guaranteed 17.5% return as it competes with rival Anthropic for partnerships. Both artificial intelligence companies are seeking joint ventures with investment firms to expand their business customer base and raise billions in funding.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1774262187448.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":56543,"url":"https:\/\/tvdelmarva.com\/wp\/markets-tumble-as-middle-east-tensions-spike-tech-stocks-hit-hard\/","url_meta":{"origin":55891,"position":4},"title":"Markets Tumble as Middle East Tensions Spike, Tech Stocks Hit Hard","author":"Admin","date":"April 23, 2026","format":false,"excerpt":"Wall Street experienced significant losses Thursday with the Nasdaq posting its worst performance in a month as deteriorating U.S.-Iran diplomatic relations dampened investor confidence. Oil prices surged 4% while technology stocks fell sharply, highlighting how geopolitical tensions continue to impact global markets.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776979502990.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":73110,"url":"https:\/\/tvdelmarva.com\/wp\/swedish-investment-firm-teams-up-with-google-cloud-for-ai-technology-push\/","url_meta":{"origin":55891,"position":5},"title":"Swedish Investment Firm Teams Up with Google Cloud for AI Technology Push","author":"Admin","date":"May 28, 2026","format":false,"excerpt":"A Swedish private equity company has formed a partnership with Google Cloud to help over 300 businesses in its investment portfolio speed up their use of artificial intelligence technology. The collaboration will provide access to AI development tools and cybersecurity services across various industries.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779967417328.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/55891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/comments?post=55891"}],"version-history":[{"count":0,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/55891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media\/55890"}],"wp:attachment":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media?parent=55891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/categories?post=55891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/tags?post=55891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}