Announced
Completed
Financials
Tags
Domestic
Private Equity
Public
Friendly
Software
event marketing
event planning
United States
Acquisition
Majority
Single Bidder
Privatisation
Completed
Synopsis
The Blackstone Group, an American alternative investment management company, completed the acquisition of Cvent, a meetings, events and hospitality technology provider, from Vista Equity, a private equity firm, for $4.6bn. "We are excited to share this announcement and look forward to our next chapter alongside the Blackstone team. As one of the world’s largest private equity firms, Blackstone brings deep expertise in the event and hospitality industry, and with their backing, we plan to continue to invest in our business and deliver the innovative solutions that meet our customers’ needs and power the meetings and events ecosystem," Reggie Aggarwal, Cvent Founder and CEO.
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