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:

M&A:
Mike Ringler
Derek Liu
Matthew Baudler
Daniel Kim

Corporate:
Mark Fitzgerald
Mark Bass
Will Halliday
Ryan Greecher
Liz Hecker

Technology Transactions:
James Clessuras
Rachel Landy
Barath Chari
Rob Parr

Antitrust:
Jamillia Ferris
Thu Hoang
Christopher Williams

Tax:
Eileen Marshall

Employee Benefits and Compensation:
Michael Montfort
Austin Holt

Regulatory:
Don Vieira
Melissa Mannino
Anne Seymour

For more information, click here to read Cvent's press release.