Cvent to Be Acquired by Vista Equity Partners for $1.65 Billion
On April 18, 2016, Cvent, a leading cloud-based enterprise event management company, announced that it will be acquired by affiliates of Vista Equity Partners, a leading private equity firm focused on investments in software, data, and technology-enabled businesses, for approximately $1.65 billion. Wilson Sonsini Goodrich & Rosati is representing Cvent in the transaction.
Under terms of the agreement, Cvent stockholders will receive $36.00 per share in cash, representing a premium of approximately 69 percent over Cvent's closing price on April 15, 2016, and a 70 percent premium to Cvent's average closing price over the past 30 trading days. The transaction is expected to close in the third calendar quarter of 2016, subject to customary closing conditions, including the approval of the company's stockholders and required regulatory approvals.
The WSGR team representing Cvent in the transaction includes:
Employee Benefits and Compensation:
For more information, click here to read Cvent's press release.