Key facts
- Medallia is set to be acquired by a creditor group.
- Blackstone is leading the creditor group acquiring Medallia.
- Medallia's owner declined to inject further capital.
- Lone Star Funds is in advanced talks to acquire Continental's industrial unit.
- Lone Star Funds is the frontrunner to acquire Continental's industrial unit.
- The transactions highlight activity in private equity and credit markets.
Medallia, a company whose owner has declined to inject further capital, is set to be acquired by a group of creditors. Blackstone is leading this creditor group in the transaction. This development indicates a shift in ownership for Medallia, driven by the owner's decision to cease further investment.
In a separate but related market development, Lone Star Funds is reportedly in advanced negotiations to acquire the industrial unit of Continental. Lone Star Funds has emerged as the frontrunner in this bid, suggesting a strong interest in this specific business segment. The acquisition of Continental's industrial unit by Lone Star Funds is still in talks, but the firm's leading position indicates a high probability of the deal proceeding.
These two distinct transactions highlight ongoing trends in the private equity and credit markets. Firms like Blackstone and Lone Star Funds are actively seeking acquisition opportunities, leveraging their capital to acquire companies or business units that may be undergoing strategic changes or are available due to owner decisions. The acquisition of Medallia by its creditors and the potential acquisition of Continental's industrial unit by Lone Star Funds represent significant moves within these sectors.