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Announced

Ungerboeck to merge with EventBooking in a deal backed by Cove Hill Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Private

Friendly

Private Equity

venue management

Domestic

software provider

Pending

Acquisition

Merger

Majority

United States

Synopsis

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Ungerboeck, an event management software provider, agreed to merge with EventBooking, an venue management software provider, in a deal backed by Cove Hill Partners, a private equity firm. Financial terms were not disclosed. "This is the best way to come out the pandemic as the industry expects technology-driven efficiencies and new attendee experiences. We could not have found a better growth equity firm than Cove Hill Partners as they share our values and mission. Adding EventBooking to this group is the perfect trifecta to accelerate us into the future as the world's event software," Manish Chandak, Ungerboeck President and CEO.

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