The Public M&A, Technology M&A and Capital Markets teams advised the Special Committee of the Board of Directors of Cvent Holding Corp. (NASDAQ: CVT) on Cvent’s definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion.
Cvent’s comprehensive suite of technology solutions powers the entire event management process to maximize the impact of events. Cvent has approximately 22,000 customers globally in the corporate, non-profit, higher education and hospitality sectors. Since its founding in 1999, Cvent has helped manage more than 5 million events, and lists over 302,000 hotels and venues on the Cvent Supplier Network, an online platform with tools to search, negotiate and contract with hotels and venues for event space.
For additional details on the acquisition, please read the press release.