1. Thoma Bravo Writes Off Over $5 Billion on Medallia Buyout as SaaS Valuation Era Ends
Thoma Bravo has written off more than $5 billion from its 2021 acquisition of Medallia, signaling a brutal reckoning for private equity bets placed at the peak of the software valuation boom. The leveraged buyout, completed in July 2021 for $6.4 billion, saw Thoma Bravo and co-investors contribute approximately $5 bill...