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The Nexus
DossierENTITY

Permira

Coverage of Permira in the Nexus archive.

Earliest in view: Jun 18 · 18:04 UTCMost recent: Jun 18 · 18:04 UTC
Co-mentioned in this coverage
Medalliaorganization1Thoma Bravoorganization1Blackstoneorganization1Coupaorganization1Zendeskorganization1Hellman & Friedmanorganization1Orlando Bravoperson1
Recent coverage
  • BUSINESSJun 18 · 18:04 UTCSEMAFOR
    Private equity confronts a goose egg

    Private equity firms face significant losses as Medallia, a customer-satisfaction software company, defaulted on its debt, wiping out Thoma Bravo's $5 billion equity stake. The article explains that equityholders, including private equity, bear first losses in financial distress, while lenders like Blackstone are positioned to recover assets. Other companies from 2021-2022 leveraged buyouts, such as Coupa and Zendesk, are also at risk of similar outcomes.