On June 15, 2023, Blackstone has completed the acquisition of Cvent Holding Corp., a meetings, events and hospitality technology provider, in a deal valued at approximately US$4.6 billion.

Previously announced on March 14, 2023, the deal includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and participation from existing stockholder Vista Equity Partners (“Vista”). As a result of the transaction, Cvent’s common stock has ceased trading and will be delisted from the Nasdaq Stock Market.

Kirkland & Ellis LLP acted as legal counsel and Qatalyst Partners as financial advisor to Cvent.

Goodwin Procter LLP acted as legal counsel and J.P. Morgan Securities LLC as financial advisor to the Special Committee.

Simpson Thacher & Bartlett LLP acted as legal counsel to Blackstone, and Evercore, Morgan Stanley & Co. LLC and UBS acted as financial advisors.