Twitter LinkedIn
    Tuesday, March 21
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Acquisitions»Thoma Bravo completes $6.4bn acquisition of Medallia
    Acquisitions

    Thoma Bravo completes $6.4bn acquisition of Medallia

    November 1, 2021Updated:November 1, 20212 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Thoma Bravo, a software investment firm, has completed its acquisition of Medallia, a specialist in customer and employee experience, in an all-cash transaction valued at $6.4 billion.

    The acquisition was previously announced on 26 July, 2021 and approved by Medallia shareholders on 14 October, 2021. Subject to the terms of the merger agreement, Medallia shareholders will receive USD34.00 per share in cash, which represents a premium of approximately 20 per cent to Medallia’s unaffected closing stock price on 10 June, 2021, the last full trading day prior to media reports regarding a possible transaction, and a premium of approximately 29 per cent to Medallia’s unaffected 30-day average price. Medallia’s common stock has ceased trading and is no longer listed on the NYSE. Medallia will remain headquartered in San Francisco.

    “The close of this transaction is an important milestone in Medallia’s history as we embark on our next chapter of growth as a private company,” says Leslie Stretch, President and CEO of Medallia. “I am incredibly proud of all that we have achieved since our founding in 2001 and am confident that our new partnership with Thoma Bravo will catalyse Medallia’s ability to deliver continued innovation to the market, bolster our position as an innovation leader and set us apart as we maximise value for our stakeholders.”

    “With its best-in-class SaaS platform and AI capabilities, Medallia is leading and redefining the experience management market,” says Scott Crabill, a Managing Partner at Thoma Bravo. “We are excited to officially join forces with the Medallia team and look forward to working together to expand the company’s customer reach and begin a new phase of differentiated growth.”

    Read more/Source: Private Equity Wire

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisitions Capital PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    PE firm CVC buys $155 mln minority stake in Indonesia’s Samator Indo Gas

    March 17, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Leave A Reply

    Other Articles

    Buyside firms waving $200k+ packages at women, minorities

    May 20, 2021

    Temasek-owned Vertex Venture Holdings raising S$450m in debt

    July 21, 2021

    Surf Air to Go Public Via SPAC Deal at $1.42 Billion Value

    May 18, 2022

    Britain’s DFI beats 2020 Africa Investment Summit pledge to invest GBP2bn in Africa

    January 21, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?