How the Medallia write-off is writing on the wall for SaaS and VC

According to Reuters, private equity firm Thoma Bravo plans to hand over SaaS company Medallia to its lenders after months of restructuring talks. The agreement wipes out $5.1 billion in equity for Thoma Bravo and its investors, having acquired the SaaS business for $6.4 billion in 2021. This write-off represents an escalation in the SaaSpocalypse [ ] The post How the Medallia write-off is writing…