Private equity giant Blackstone Inc. has acquired the remaining stake in Cvent Holding Corp. from Vista Equity Partners for $1.3 billion, finalizing its full ownership of the event software company. This transaction marks Vista’s complete exit from Cvent, following Blackstone’s initial $4.6 billion acquisition of the company in 2023.
Deal Details
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Transaction Value: $1.3 billion
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Seller: Vista Equity Partners
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Buyer: Blackstone Inc.
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Company: Cvent Holding Corp., a leading meetings, events, and hospitality technology provider
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Completion: July 2025
Vista had retained a minority stake in Cvent through a non-convertible preferred equity investment after Blackstone’s 2023 take-private deal. The latest transaction sees Blackstone purchasing this remaining stake, consolidating its control over Cvent.
Background
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Vista’s Involvement: Vista Equity Partners originally acquired Cvent in 2016 for approximately $1.7 billion. During its ownership, Cvent faced significant challenges, especially during the pandemic when the events industry was severely impacted. The company pivoted to hybrid event solutions, which helped it recover as in-person and virtual events became the norm.
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Blackstone’s Strategy: Blackstone’s acquisition of Cvent is part of a broader strategy to capitalize on the recovery and growth of the global events and hospitality sector. The firm sees Cvent’s technology as a critical asset for its portfolio, especially as hybrid and AI-driven event solutions become increasingly important.
Strategic Implications
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For Blackstone: The deal strengthens Blackstone’s position in the events technology sector, allowing it to leverage Cvent’s platform across its global hospitality and real estate holdings.
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For Vista: The sale marks the end of a long-term investment, returning capital to Vista’s investors after years of partnership and transformation at Cvent.
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For Cvent: With Blackstone’s full backing, Cvent is expected to continue investing in innovation, particularly in AI-powered analytics and hybrid event solutions, to meet the evolving needs of its global customer base.
Industry Context
The acquisition comes at a time when the events technology sector is experiencing robust growth, driven by the adoption of hybrid events and increased corporate spending on event management solutions. Blackstone’s move is seen as a strategic bet on the continued digital transformation of the meetings and events industry.
Timeline of Key Events
| Year | Event |
|---|---|
| 2016 | Vista Equity Partners acquires Cvent for approximately $1.7 billion |
| 2023 | Blackstone leads $4.6 billion take-private deal for Cvent; Vista retains minority stake |
| 2025 | Blackstone acquires Vista’s remaining stake for $1.3 billion, gaining full ownership |
Blackstone’s $1.3 billion purchase of Vista’s remaining stake in Cvent completes its full acquisition of the event software leader. The deal underscores the growing importance of technology in the events sector and positions Blackstone to benefit from ongoing industry transformation.