Blackstone Completes Acquisition of Cvent
June 15, 2023
Cvent Holding Corp. was acquired by an affiliate of private equity funds managed by Blackstone for an enterprise value of approximately $4.6 billion. The deal closed on June 15, 2023 for $8.50 per share in cash, with Abu Dhabi Investment Authority (ADIA) making a significant minority investment and Vista Equity Partners participating as an existing stockholder.
- Buyers
- Blackstone
- Targets
- Cvent Holding Corp.
- Sellers
- Existing stockholders of Cvent
- Industry
- IT Services
- Location
- Virginia, United States
- Transaction Type
- Buyout
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