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But we saved everything 🙂.
Private equity group Thoma Bravo is close to handing control of software firm Medallia to its lenders, according to Tren Griffin. The move will result in the elimination of $5.1 billion in equity for Thoma Bravo and its co-investors. They originally acquired the customer service software provider for $6.4 billion in 2021.
Tren Griffin has previously highlighted a study tracking investment returns and shareholder wealth for nearly 30,000 U.S. stocks across a century, available here. In another post, he noted renewed praise for an influential Mauboussin and Callahan essay, as seen here. These references provide context to Griffin’s ongoing coverage of investment outcomes and financial research.