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Private credit lenders, led by Blue Owl, have taken ownership of Pluralsight, an educational software company. This move comes three years after Vista Equity Partners acquired Pluralsight, marking a significant shift in the company's ownership structure. The restructuring deal values Pluralsight at approximately $900 million, resulting in a $4 billion loss for Vista and its co-investors. This development highlights the challenges faced by private equity firms in managing their investments.
Vista and co-investors lose $4bn in Pluralsight restructuring Private credit lenders take control of software group in deal that values it at about $900mn @EricGPlatt @sindap @ameliajpollard @FT #PrivateCredit #PrivateEquity https://t.co/Lb08l2WiRi
Vista and co-investors lose $4bn in Pluralsight restructuring https://t.co/IA6DMSFncg
One month later...Think Golub finally took a markdown? Or maybe they wrote it up since they're equity now and can value it at a mid-teens multiple #Pluralsight #PrivateCredit https://t.co/QR2DJBp1LK https://t.co/JYTjg6FGxy
