Medallia's acquisition by Thoma Bravo was a massive deal, valued at $6.4 billion. This significant investment was a testament to the company's growth and potential.
The acquisition was completed in 2021, marking a new chapter for Medallia.
Explore further: Thoma Bravo Acquisition
Acquisition Details
Medallia, a leader in experience management, was acquired by Thoma Bravo, a private equity firm, in a deal valued at $6.4 billion.
The acquisition was announced in August 2022.
Thoma Bravo has a history of investing in software companies, having acquired a number of firms in the past decade.
Medallia's stockholders approved the acquisition, with approximately 99% of shares voted in favor.
Sale Amount
Medallia's sale to Thoma Bravo is a whopping $6.4 billion.
This all-cash transaction represents a significant valuation of the company, and it's likely to have a major impact on the customer experience management industry.
Medallia's shareholders will receive $34.00 per share in cash, which is a premium of approximately 20% to the company's unaffected closing stock price on June 10th, 2021.
This premium is a clear indication of Thoma Bravo's confidence in Medallia's future prospects, and it's likely to be a welcome news for investors.
Suggestion: What Happens When Thoma Bravo Buys Your Company
Frequently Asked Questions
Why did Medallia go private?
Medallia went private to gain greater flexibility in innovating its products and services. This move allows the company to focus on its development without public market pressures.
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