Blackstone Acquires Cvent with ADIA Minority Stake and Vista Participation
June 15, 2023
Blackstone, through an affiliate of its private equity funds, completed a cash acquisition of Cvent Holding Corp. for $8.50 per share, implying an enterprise value of about $4.6 billion. The deal includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and participation from existing stockholder Vista Equity Partners; Cvent will be delisted from Nasdaq.
- Buyers
- Blackstone, Abu Dhabi Investment Authority (via wholly owned subsidiary), Vista Equity Partners
- Targets
- Cvent Holding Corp.
- Sellers
- Cvent shareholders
- Industry
- Cloud & SaaS
- Location
- Virginia, United States
- Transaction Type
- Buyout
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