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M&A Deal Summary

Vista Equity Partners Acquires Cvent

On April 18, 2016, private equity firm Vista Equity Partners acquired internet software and services company Cvent for 1.7B USD

Acquisition Highlights
  • This is Vista Equity Partners’ 16th transaction in the Internet Software and Services sector.
  • This is Vista Equity Partners’ 15th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 58th transaction in the United States.
  • This is Vista Equity Partners’ 4th transaction in Virginia.
Investment Fate
  • Cvent went public in 2021.
  • Cvent was sold to a consortium of financial buyers in 2023 for 4.6B USD.

M&A Deal Summary
Date 2016-04-18
Target Cvent
Sector Internet Software and Services
Buyer(s) Vista Equity Partners
Deal Type Going Private
Deal Value 1.7B USD
Advisor(s) Morgan Stanley (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Cvent

Tysons, Virginia, United States
Cvent's corporate headquarters in Tysons, Virginia.
Cvent's corporate headquarters in Tysons, Virginia.
Cvent is a meeting, events, and hospitality technology provider that delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging impactful experiences. The Company's suite of products automates and simplifies the event management lifecycle and maximizes the impact of in-person, virtual, and hybrid events. Hotels and venues use Cvent’s supplier and venue solutions to win more group and corporate travel business through Cvent’s sourcing platforms. Its solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. Cvent was formed in 1999 and is based in Tysons, Virginia.

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Buyer(S) 1

Buyer

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 63 of 153
Sector: Internet Software and Services M&A 16 of 51
Type: Going Private M&A Deals 11 of 25
State: Virginia M&A 4 of 6
Country: United States M&A 58 of 141
Year: 2016 M&A 4 of 13
Size (of disclosed) 15 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Quickbase

Boston, Massachusetts, United States

Quickbase provides a cloud-based platform that empowers problem solvers to quickly turn ideas for better ways to work into apps that make their organizations more efficient. Quickbase was founded in 1999 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Vertafore

Denver, Colorado, United States

Vertafore, Inc. is a cloud-based software that provides agency management, compliance, workflow, and data solutions that simplify and automate the complex property and casualty (“P&C”) insurance lifecycle. More than 20,000 agencies and 1,000 insurance carriers rely on Vertafore to streamline their processes, improve efficiency, and drive productivity. Vertafore, Inc. was founded in 1969 and is based in Denver, Colorado.

Buy -
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