U.S. private equity firm Thoma Bravo is planning to acquire Medallia, Inc., an enterprise software firm, in an all cash deal valued at $6.4 billion.

As part of the deal, Blackstone Credit along with some funds managed by Apollo Capital Management and KKR Credit will provide debt financing for the transaction.

Furthermore, Morgan Stanley & Co, BoFA Securities and Wells Fargo Securities served as the financial advisers to Medallia.

Subject to customary closing conditions, including approval by Medallia shareholders and receipt of regulatory approvals, the deal is anticipated to close in 2021.