Blackstone Buys Rest of Cvent From Vista in $1.3 Billion Deal

Blackstone Buys Rest of Cvent From Vista in $1.3 Billion Deal

Buyout firm Vista Equity Partners has struck a deal to sell its minority stake in Cvent Holding Corp. to Blackstone Inc., marking a full exit for Vista from the events software company.

Vista sells remaining Cvent stake to Blackstone in $1.3bn deal - Private Equity Wire

Vista Equity Partners has fully exited its investment in event software company Cvent, selling its remaining minority stake to Blackstone in a $1.3bn deal. The transaction finalises Blackstone’s ownership of Cvent following its $4.6bn take-private acquisition in 2023. Vista, which first acquired Cvent in 2016 for $1.7bn, retained a non-convertible preferred equity stake during the Blackstone-led buyout. The firm supported Cvent through the pande…