Brief: Cvent To Be Acquired By Blackstone In $4.6 Billion Transaction

Cvent Holding

14/03/2023 11:49

March 14 (Reuters) - Cvent Holding Corp  CVT.O :
    * CVENT TO BE ACQUIRED BY BLACKSTONE IN $4.6 BILLION
TRANSACTION
    * CVENT HOLDING CORP-  DEAL FOR PURCHASE PRICE OF $8.50 PER
SHARE
    * CVENT HOLDING - UNIT OF ABU DHABI INVESTMENT AUTHORITY
(ADIA)
WILL BE A SIGNIFICANT MINORITY INVESTOR ALONGSIDE BLACKSTONE AS
PART OF TRANSACTION
    * CVENT HOLDING CORP - BLACKSTONE HAS RECEIVED FULLY
COMMITTED
$1.0 BILLION CREDIT FACILITY AS PART OF FINANCING OF THIS
TRANSACTION
    * CVENT HOLDING CORP - UPON COMPLETION OF TRANSACTION,
CVENT'S
COMMON STOCK WILL NO LONGER BE PUBLICLY LISTED, CVENT WILL
BECOME PRIVATELY HELD CO
    * CVENT HOLDING - VISTA EQUITY PARTNERS AGREED TO INVEST A
PORTION
OF ITS PROCEEDS AS NON-CONVERTIBLE PREFERRED STOCK IN FINANCING
FOR TRANSACTION

Source text for Eikon:  ID:nBw5XbyTwa 
Further company coverage:  CVT.O 

 ((Reuters.Briefs@thomsonreuters.com;))