Blackstone’s $4.6B take-private of Cvent (2023)

In March 2023, Blackstone agreed to take Cvent private at ~$4.6B enterprise value ($8.50/share); the deal closed mid-2023 with ADIA as a significant minority investor and Vista rolling preferred equity. In July 2025, Vista fully exited its remaining Cvent stake in a ~$1.3B secondary sale to Blackstone.

Cvent (McLean, Virginia) is a US meetings, events and hospitality SaaS platform — a Corporate PE software buyout after Vista’s earlier ownership and a SPAC listing. Private Equity ownership is already tagged; Public tags reflect the prior listed period.

Source: Blackstone — Cvent to be acquired in $4.6B transaction (14 Mar 2023): https://www.blackstone.com/news/press/cvent-to-be-acquired-by-blackstone-in-4-6-billion-transaction/
Bloomberg Law — Vista fully exits Cvent in $1.3B stake sale to Blackstone (Jul 2025): https://news.bloomberglaw.com/private-equity/vista-fully-exits-cvent-in-1-3-billion-stake-sale-to-blackstone